Korean Air / Asiana Airlines Merger To Close This Month

CH-Aviation reports that with an anticipated official approval announcement from the US Department of Justice, the merger between Korean Airlines and Asiana Airlines is expected to close sometime this month. The approval from the USDOJ is the final piece of the puzzle to allow the merger between the two largest airlines in the Republic of Korea, with Korean Air taking the reins. The Asiana brand will last another two years, before it's absorbed into the Korean Air brand. Multiple concessions by both airlines had to be made before any approval was given by transport ministries around the world, especially where the two airlines serve.

Also, as part of the merger, Asiana Airlines' low-cost subsidiaries (Air Busan and Air Seoul) will be combined under Korean Air's LCC, Jin Air.