Established in 2007, Air Busan is an airline based in Beomcheon-dong, Busanjin-gu, Busan, South Korea. The carrier, which is a subsidiary of Asiana Airlines, operates service to destinations in Asia from its base at Gimhae International Airport.
On 29-Sep-2021, Korean Air confirmed it received approval from Korea Development Bank (KDB) for its post merger integration (PMI) plan to acquire a controlling stake in Asiana Airlines for KRW1.8 trillion (USD1.5 billion) and subsequently merge the two airlines. The PMI includes provisions for gradually merging the two airlines into a single full service carrier under the Korean Air brand, integrating Korean Air's LCC subsidiary Jin Air with Asiana's LCC subsidiaries Air Seoul and Air Busan.
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