Korean Air takes 63.88 percent of Asiana Airlines

Korean Air completed its acquisition of a major stake in Asiana Airlines on Thursday, 12th December.

The acquisition was finalised four years after Korean Air expressed its plan to acquire the stake in November 2020.

The South Korean flag-carrier acquired 131,578,947 newly issued shares of Asiana Airlines, representing a 63.88 percent ownership stake.

This makes Asiana Airlines a subsidiary of Korean Air.

The completion follows Korean Air’s payment of KRW…