Korean Air acquires Asiana, creating one of Asia’s biggest airlines

STORY: Korean Air said Thursday it has completed its long-drawn-out acquisition of local rival Asiana.

That creates one of Asia’s biggest airlines.

The $1.3 billion deal was first announced four years ago, making it the longest time ever to complete a tie-up between two carriers.

Progress was hampered by competition concerns.

Korean had to make significant concessions to mollify watchdogs around the world.

That included handing routes to other airlines, and selling off Asiana’s…