Asiana Airlines has finalized its merger with Korean Air during an extraordinary shareholders' meeting.
On August 12, Asiana Airlines announced that it approved the 'merger agreement' as originally proposed. The attendance rate of shareholders was 81.9%, with a support rate of 99.3%.
This decision is to approve Asiana Airlines' absorption by Korean Air, as outlined in the merger agreement signed on May 14.
Following this approval, the two companies plan to officially launch the merged Korean Air on December 17.
Since officially announcing its acquisition of Asiana Airlines in November 2020, Korean Air has been working through regulatory reviews by domestic and international competition authorities.
Song Bo-young, CEO of Asiana Airlines, stated, "This has been a long journey of over five years since November 2020. We will successfully conclude the merger process with Korean Air on December 17 and emerge as the new integrated Korean Air."
He emphasized, "This will be the first step in writing a new history for the South Korean aviation industry as a mega carrier."
Regarding the integration of mileage programs with Korean Air, CEO Song noted, "We are diligently consulting with the Fair Trade Commission to protect consumer interests and minimize inconveniences."
Meanwhile, Korean Air is also set to hold a board meeting to vote on the merger approval today.
* This article has been translated by AI.
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