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Korean Air prepares for final steps in acquiring Asiana Airlines

Korean Air prepares for final steps in acquiring Asiana Airlines
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As Korean Air nears the completion of its acquisition of Asiana Airlines, a significant transformation in South Korea's aviation sector is on the horizon. This merger, valued at approximately $1.3 billion, has navigated complex regulatory challenges, with the US Department of Justice being the final authority to grant approval. The consolidation is set to create the world's seventh-largest airline.

Asiana Airlines operates a modern fleet focusing on efficiency and premium passenger experience. According to ch-aviation, Asiana's lineup includes Airbus A380-800 for high-capacity routes and Airbus A350-900 and A330-300 for long-haul services. For regional operations, Asiana uses Airbus A321-200 and A321neo models.

Korean Air maintains a versatile fleet of Airbus and Boeing aircraft tailored to global operations. High-capacity models like the Airbus A380-800 and Boeing 747-8 cater to long-haul routes. According to ch-aviation, medium-range travel is served by Boeing 777-300ER and Boeing 787-9 Dreamliner. Korean Air's diverse fleet underscores its ability to meet various market demands.

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The integration will result in a combined fleet offering increased capacity and operational flexibility. Both airlines have significant cargo operations; however, as part of merger conditions set by the European Union, Asiana's cargo division will be sold to Air Incheon.

Additionally, Reuters reports that low-cost subsidiaries will merge under Jin Air, absorbing Asiana's low-cost carriers, Air Busan and Air Seoul. This move aims to enhance operational efficiency and expand market presence.

Looking forward, Korean Air plans to purchase up to 50 widebody aircraft from Boeing as part of its commitment to modernizing its fleet. The integration with Asiana's fleet will further augment Korean Air's capabilities.

As the December 11 completion date approaches, this merger marks a pivotal moment in South Korea's aviation history.

Organizations Included in this History
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