Korean Air, Asiana approve merger

Korean Air and Asiana Airlines have officially approved their merger agreement, marking a significant milestone in the planned combination of the two airlines. The Korean Air board ratified the deal on August 12th, utilizing provisions outlined within Korea’s Commercial Act for small-scale consolidations. This approval paves the way for the launch of the merged airline scheduled for December 17, 2026. An extraordinary general meeting was held concurrently with the board ratification to secure shareholder support for the initiative. The combined entity represents a substantial development within South Korea's aviation industry.