Korean Air to take over Asiana

[AviationNZ]

Wow, very interesting development for Korean aviation!
Not sure this is in the best interests of the consumer, but when has that ever stopped the chaebols!!

Korean Air to take over rival Asiana in $2.2bn buyout

Asiana Airlines will merge with its arch-rival, but both brands are expected to continue flying.

www.executivetraveller.com

Post automatically merged: Nov 16, 2020

Another article from Reuters here;

Korean Air to spend $1.6 billion to become Asiana Airlines' top shareholder

Korean Air Lines Co Ltd <003490.KS> plans to spend 1.8 trillion won ($1.62 billion) to become the top shareholder of indebted Asiana Airlines Inc <020560.KS>, in aviation's first major consolidation since COVID-19 brought the industry to its knees.

www.reuters.com

 

[AIRwin]

Would that free up the airline code OZ for any new Australian airlines?

 

[Mattg]

So is Asiana going to be brought under the Korean Air brand, or continue to be run as a separate operation?

I wonder what implications this would have for the Asiana Club frequent flyer program, and in particular for those with lifetime Asiana status!

 

[jb747]

I wonder what implications this would have for the Asiana Club frequent flyer program, and in particular for those with lifetime Asiana status!

Your status will last for Asiana’s lifetime....

 

[AviationNZ]

So is Asiana going to be brought under the Korean Air brand, or continue to be run as a separate operation?

One of the articles suggests they'll keep both brands, but my guess is it'll be wrapped up together eventually.

 

[Actos]

Oh dear, I quite liked their more relaxed two year rule to star alliance gold.

 

[jakeseven7]

How disappointing, Asiana was much better than Korean and I think we all know that Asiana will just disappear one day.

 

[moa999]

Still a lot of water to go under this bridge. Plenty of issues on both sides

 

[Chicken]

So is Asiana going to be brought under the Korean Air brand, or continue to be run as a separate operation?

The Reuters report states they will operate independently for now, no forced redundancies, but no staff replacement until Asiana disappears eventually.

 

[Mattg]

Apparently, the airlines will not merge until 2024.

Korean Air & Asiana Merger Delayed Until 2024

Korean Air and Asiana have delayed their full merger until 2024. Here's what's causing this delay, and what the implications are.

onemileatatime.com

 

[AviationNZ]

Here's some further commentary from ET, nothing unsurprising...

• OZ brand to disappear
• Consolidate under SkyTeam and SkyPass FF program
• Integrated LCC brand

Asiana Airlines brand to disappear after Korean Air take-over

After almost 40 years in the sky, Asiana Airlines is being fully folded into Korean Air.

www.executivetraveller.com

 

[boomy]

Very sad to see OZ go. We had some memorable flights...
Hope to fly them few more times by the 2024 deadline.

 

[AIRwin]

In case it's of interest:

Aviation Week Network

 

[AIRwin]

Apparently, the airlines will not merge until 2024.

Korean Air & Asiana Merger Delayed Until 2024

Korean Air and Asiana have delayed their full merger until 2024. Here's what's causing this delay, and what the implications are.

onemileatatime.com

This may be the year?

Korean Air chief aims to complete Asiana Airlines acquisition in 2024

The chief of Korean Air, Korea's largest air carrier, on Tuesday vowed to complete the airline's proposed acquisition of domestic rival Asiana Airlines in 2024.

m.koreatimes.co.kr