The merger between Korean Air and Asiana Airlines has been finally approved. On the 12th, Korean Air held a regular board meeting at its Seosomun building in Jung-gu, Seoul, and resolved the “agenda for approval of the merger.” Asiana Airlines also held an extraordinary general meeting of shareholders at its headquarters in Gangseo-gu, Seoul, on the same day and approved the “agenda for approval of the merger agreement.” Accordingly, the two companies plan to proceed with the merger registration as scheduled on December 17.

In June, the Ministry of Land, Infrastructure and Transport conditionally approved the merger of the two companies, and the merger securities registration statement submitted to the financial authorities took effect last month. The two companies now only need to complete the process of obtaining the Air Operator Certificate (AOC) for the “integrated Korean Air” and overseas aviation authority operating permits so that aircraft operations can commence on the launch date. Korean Air stated, “We are proceeding without a hitch in close consultation with the relevant authorities.”

The integrated Korean Air will be launched as an ultra-large airline with a fleet of 230 aircraft. The company said, “We are conducting job training for passenger and cargo staff in preparation for the launch of the integrated airline, and training programs for flight and cabin crew are also underway,” adding, “We will continue to maintain crew capabilities at the highest level even after integration, as demonstrated by the recent successful integrated emergency evacuation drill.”

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