South Korea’s Ministry of Land, Infrastructure and Transport has approved the sale of the Asiana Airlines (OZ, Seoul Incheon) cargo business to Air Incheon (KJ, Seoul Incheon). According to the local-language Maeil Business Newspaper, the ministry granted the approval at the end of March and Asiana now intends to close the sale by mid-2025.

Air Incheon paid KRW470 billion won (USD528 million) to buy Asiana’s cargo unit, which was sold to secure European Commission approval for Asiana to merge with…

Source: ch aviation
Read more: South Korean gov't green-lights Asiana cargo sale