Asiana Airlines to complete transfer of cargo division to Air Incheon by Jun-2025
Asiana Airlines confirmed (27-Feb-2025) plans to complete the transfer of its cargo division to Air Incheon by 10-Jun-2025. As previously reported by CAPA, the European Commission required the sale of Asiana's cargo division as part of measures to address competition in its approval of the planned merger of Korean Air and Asiana. The agreement to sell Asiana's cargo division to Air Incheon is valued at KRW470 billion and comprises the transfer of 10 Boeing 747Fs, one 767F and approximately 800 employees to Air Incheon. [more - original PR - Korean]
Background ✨
Air Incheon was selected as the preferred bidder for Asiana Airlines' cargo division in June 2024, following the European Commission's requirement for the sale as part of Korean Air's merger with Asiana1 2. Air Incheon aimed to commence cargo services connecting South Korea and the US by 01-Jul-2025, integrating 10 Boeing 747-400Fs and one 767-300F3. Korean Air acquired a 63.88% stake in Asiana, making it a subsidiary and planning integration within two years4.