Established in 1969, Korean Air is one of the largest airlines and flag carrier of South Korea. From its hub at Seoul Incheon International Airport, Korean Air provides an extensive network of domestic and international services. The carrier's cargo division, Korean Air Cargo, is one of the largest cargo airlines in the world. Korean Air is a founding partner airline of the SkyTeam alliance.
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. Korean Air will delay plans to acquire a 63.9% stake in Asiana Airlines by a further three months until 31-Dec-2021, rather than 30-Sep-2021.
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