Korean Air and Asiana merger to be completed by 2024

In a post-merger plan filed to the Korean Development Bank, Korean Air has announced it expects that the full integration of Asiana will be completed by 2024. The airline hopes to finalize the acquisition of the airline in 2022, depending on receiving approvals from the necessary anti-trust authorities around the world.

As of next year, Korean Air will make Asiana and its subsidiaries Air Busan and Air Seoul a subsidiary of Korean Air, before merging Asiana into Korean Air, meaning the Asiana-brand is set to disappear by 2024. It's expected that Air Busan and Air Seoul will be integrated into Korean Air's LCC Jin Air, although this hasn't been confirmed yet.

During the 2022-2024 period, Korean Air will evaluate and transition routes, fleet, staff and other business operations to achieve maximum synergy.