(Reuters) –     Korean Air has completed its protracted purchase of indebted South Korean rival Asiana Airlines, the airline said on Thursday, a major step towards forming one of Asia’s biggest carriers.    The 1.8-trillion-won ($1.3 billion) M&A deal, which stands as one of the longest to completion in the sector, was first unveiled four years ago by South Korea’s largest carrier to rescue Asiana, grappling with a plunge in demand during the CO…

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Korean Air completes Asiana takeover to form one of Asia’s biggest airlines

South Korea's flag carrier Korean Air said on Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions.

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Stock Exchange of Thailand

Bangkok

Thailand

Korean Air buys majority stake in rival Asiana Airlines

Korean Air plans to finalize its acquisition of a controlling stake in rival Asiana Airlines on Wednesday, completing the merger deal between Korea's leading carriers that has been sought over the past four years, according to company officials.

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Dongwha Enterprise

South Korea

Korean Air to finalize merger deal with Asiana Airlines via share takeover

Seoul, South Korea — South Korea’s flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion won

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Korean Air's Sky-High Merger Completed  Korean Air has officially completed its purchase of South Korean rival, Asiana Airlines, making it one of Asia's largest carriers. The deal, valuing at 1.8 trillion won ($1.3 billion), marks the longest-ever airline merger and was initiated to assist Asiana during its financial difficulties amplified by the COVID-19 pandemic. Although the merger faced competition concerns, Korean Air managed to secure appr…

Devdiscourse

India

Korean Air's Sky-High Merger Completed

South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. With the acquisition of a 63.88 percent stake, Korean Air said it had invested 1.5 trillion…

Japan Today

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Saitama Prefecture

Japan

Seoul: South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective ...

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M. P. Veerendra Kumar

Kerala

Korean Air acquires rival Asiana Airlines for $1 Billion, becomes Asia's 2nd largest airline group

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The government said Wednesday it will work to enhance the competitiveness of the domestic aviation industry while minimizing potential monopolistic harm from the soon pending merger between Korean Air Co. and Asiana Airlines Inc. The transport ministry announced an aviation industry support plan during a meeting of industries-focused ministries held at Hanwha Ocean Co.'s research and development campus in Siheung, Gyeonggi Province. To manage mo…

The Korea Herald

Seoul

Govt. to focus on enhancing competitiveness of domestic aviation industry following Korean Air-Asiana merger

Korean Air Lines could complete its merger with its smaller rival Asiana Airlines for 1.8 trillion won (1.2 billion euros). The deal was still subject to approval by US antitrust authorities, but US authorities have not objected to the merger.

Korean Air Lines kan de fusie met zijn kleinere concurrent Asiana Airlines voor 1,8 biljoen won (1,2 miljard euro) afronden. De deal hing nog af van goedkeuring door Amerikaanse mededingingsautoriteiten, maar justitie in de Verenigde Staten heeft geen bezwaren tegen de samenvoeging.

Korean Air rondt grote luchtvaartfusie met Asiana af

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Netherlands

Korean Air completes major airline merger with Asiana

South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its takeover intentions. The European Commission, the bloc's powerful antitrust authority, last year expressed concerns the takeover could restrict competition on routes between Europe and South Korea.

Korean Air completes Asiana takeover to form one of Asia’s biggest airlines

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