{"id":187575,"date":"2024-12-16T11:58:14","date_gmt":"2024-12-16T10:58:14","guid":{"rendered":"https:\/\/www.voyages-d-affaires.com\/?p=187575"},"modified":"2024-12-16T14:32:23","modified_gmt":"2024-12-16T13:32:23","slug":"fusion-korean-air-asiana","status":"publish","type":"post","link":"https:\/\/www.voyages-d-affaires.com\/en\/fusion-korean-air-asiana","title":{"rendered":"Korean Air\/Asiana merger approved by Europe and America"},"content":{"rendered":"<p>We've done it. <strong>The EU and the United States have finally approved <a href=\"https:\/\/www.voyages-d-affaires.com\/en\/fusion-korean-asiana-20201116.html\/\">Korean Air's takeover of Asiana, Korea's second-largest carrier<\/a><\/strong>. And its definitive merger with Korea's national carrier. <strong>Buyout worth $1.3 billion<\/strong> -corresponding to 63.88% of Asiana's capital- had to wait three years to materialise.<\/p>\n<p>This approval gives the Korean Air group unprecedented firepower. <strong>The new entity is expected to account for just over half of passenger capacity in South Korea.<\/strong>. And become <strong>the 12th largest airline in the world in terms of international capacity<\/strong>.<\/p>\n<h3>Paris-Seoul will see a new carrier, T'Way Air<\/h3>\n<p>The go-ahead for the merger from the European and American authorities was given following promises from <strong>maintain competition on international routes<\/strong> - particularly to Europe. The Korean Ministry of Transport has unveiled measures to stimulate this competition, with additional traffic rights being granted to small airlines.<\/p>\n<p>The low-cost carrier <strong>T'Way Air to launch long-haul service<\/strong>. The airline will be able to link Seoul Incheon airport to <strong>Barcelona, <span class=\"display-card-hyperlink display-card-hyperlink-no-vignette\" data-id=\"256980\">Frankfurt,<\/span> <span class=\"display-card-hyperlink display-card-hyperlink-no-vignette\" data-id=\"259618\">Paris-<\/span>CDG and Rome-<\/strong><span class=\"display-card-hyperlink display-card-hyperlink-no-vignette\" data-id=\"260164\"><strong>Fiumicino<\/strong>. It will be supported by Korean Air in setting up these future European routes. <\/span>At the same time, the Ministry has designated <strong>new Korean low-cost transport services for short and medium-haul routes<\/strong>.<\/p>\n<p>Two other stages remain: a plan to merge the frequent flyer programmes will be presented to the Korean civil aviation authorities in June 2025. As for <strong>the disappearance of the Asiana brand, which will only take place after a two-year process<\/strong>. In the meantime, it will be managed as a subsidiary of Korean Air.<\/p>","protected":false},"excerpt":{"rendered":"<p>The merger between Korean Air and Asiana no longer faces any restrictions, with the European Union giving the green light to Korean Air's takeover of Korea's second-largest carrier.<\/p>","protected":false},"author":21,"featured_media":111527,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[1015,1205,2107],"type-darticle":[52],"n_magazine":[],"class_list":["post-187575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aerien","tag-asie","tag-coree-du-sud","tag-transport-aerien","type-darticle-breve","vapo-free"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.9 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Korean Air r\u00e9ussit sa 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