Three low-cost carriers (LCCs) in the Korean Air Group are set to merge as early as March 16, 2027.
Jin Air will be the surviving company, while Air Busan and Air Seoul will be dissolved. Shareholders of Air Busan and Air Seoul will receive shares in Jin Air. All three airlines recorded losses in their most recent fiscal years. The merger is subject to approval at extraordinary shareholders’ meetings to be held in December.
Korean Air holds a 54.91% stake in Jin Air, while Asiana Airlines holds a 58.4% stake in Air Busan and all shares in Air Seoul. Korean Air and Asiana Airlines will merge on December 17.
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