Korean Air (KAL/KE) has finalized its proposed merger (PMI) plan with Asiana Airlines (AAR/OZ). In November last year, Korean Air signed an agreement to subscribe to Asiana Airlines' new shares and perpetual convertible bonds. The finalized PMI plan includes the integration of full-service carriers (FSC) Korean Air and Asiana Airlines, and low-cost carriers (LCC) Jin Air (JNA/LJ), Air Busan (ABL/BX), and Air Seoul (ASV/RS). The PMI plan is expected to improve the efficiency of overlapping routes in the business, diversify passenger and cargo schedules by utilizing enhanced consolidated flights, increase benefits to passengers, and create integration synergies through cost reduction.
top of page
Search
Recent Posts
See AllFedEx has announced its plans to establish an intercontinental transit hub in Shanghai. The company aims to significantly upgrade the...
Ocean Network Express (ONE) has announced a partnership with Switzerland's MSC to share cargo space on routes between Asia and Europe....
Etihad Cargo (ETD/EY) has integrated its e-booking system with Kuehne+Nagel (K+N), offering real-time capacity and pricing visibility....
bottom of page
Comentários