Korean Air has delayed its merger with Asiana Airlines until 2024, according to a post-merger integration (PMI) plan submitted to Korea Development Bank (KDB).
The airline still plans to purchase Asiana Airlines in 2022, but the two airlines will not be fully integrated until 2024. The delay is said to be related to issues acquiring antitrust approval from several authorities worldwide.
Korean Air’s PMI plan has revealed its vision for a single, integrated Korean airline by 2024. The airline is set to acquire Asiana Airlines by the end of 2022, but the two carriers will still operate as separate entities for two years before a merger in 2024. Korean Air originally planned to acquire Asiana by June 30th, 2021 but has delayed the acquisition process until next year.
Once Korean Air has acquired Asiana Airlines, it plans to make the smaller carrier a subsidiary before a complete merger.
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