Korean Air Completes Acquisition of Asiana Airlines

Asiana Airlines has been fully acquired by Korean Air, four years after the company made the announcement on November 16, 2020.

Asiana Airlines became a Korean Air subsidiary on December 12 when Korean Air purchased 131,578,947 freshly issued shares of the airline, acquiring a 63.88% ownership stake.

The completion comes after Korean Air completed the share purchase deal by paying Asiana Airlines KRW 800 billion on December 11. With the previously paid…