KE to Acquire Asiana

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Korean Air has finalised a post-merger integration plan with Asiana Airlines after receiving confirmation from the Korea Development Bank.
In November, Korean Air signed a deal to acquire Asiana’s new shares and perpetual convertible bonds.
After the contract, Korean Air thoroughly conducted due diligence and created the post-merger integration plan, which it submitted to the Korea Development Bank in March.

The newly integrated global airline will increase operational efficiency of overlapping passenger and cargo routes, while diversifying its schedules and expanding opportunities for new routes, which will increase customer benefits and create integrated synergy by reducing costs, a statement said.