More than four years after it was first announced, Korean Air (KE, Seoul Incheon) has completed its acquisition of Asiana Airlines (OZ, Seoul Incheon). The airline said it had paid the final KRW800 billion won (USD558 million) on December 12 after the US Department of Justice decided not to contest the deal. Korean Air first announced the planned merger on November 16, 2020.

Korean Air has paid KRW1.5 trillion (USD1.05 billion) for 131,578,947 newly issued shares, or 63.88% of its smaller rival. The airline says the…

Source: ch aviation
Read more: Korean Air completes acquisition of Asiana Airlines