Korean Air Lines Co. passenger aircraft on the tarmac at Incheon International Airport in Incheon, South Korea.
SeongJoon Cho/Bloomberg
South Korea’s flag carrier Korean Air Lines has acquired a controlling stake in Asiana Airlines for about $1 billion, combining the country’s biggest and second-largest airlines.
Korean Air, controlled by the Cho family’s Hanjin KAL holding company, bought 131,578,947 newly issued shares of Asiana for almost 1.5 trillion won (about $1 billion), Asiana…
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