First announced in November 2020, Korean Air and Asian Airlines unveiled merger plans, with the ultimate goal of having the Asiana’s passenger division merged into Korean Air, while divesting its cargo routes to other owners and competitors.

Prior to the pandemic, Asiana Airlines struggled to deal with multiple factors including weaker than predicted performance, heavy debt and interest burden, and foreign exchange losses due to a devaluing South Korean won.

The carrier never recovered going into the pandemic, and entered talks with the stronger Korean Air to discuss a possible merger. After years of negotiations with various stakeholders across the globe, both airlines agreed to give up various assets including Asiana’s cargo business, as well as some of its passenger slots and route rights across various regions in order to satisfy a number of anti-competitive policies.

Once the financials were in order, and approvals granted from various bodies across the globe, Korean Air acquired 63.88% of Asiana Airlines on December 12, 2024, with the remaining share being split between Kumho Engineering and Construction, and other smaller investors.

It was determined that the Korean Air name would be carried forward post-merger. On March 9, 2026, the airline’s new livery was first spotted under the cover of darkness on one of its Boeing 787-10 Dreamliner landing at Gimpo International Airport, just two days ahead of its official unveiling.

korean air new livery
Credit: Korean Air

The combined carriers are now bringing the merger process to a close after they entered into a formal contract execution. The agreement follows the initial share subscription agreement signed in November 2020. Upon execution, Korean Air will absorb all Asiana Airlines assets, liabilities, rights, obligations, and personnel. This also means that Asiana Airlines will perform its last branded flights on December 16, 2026, with the carrier fully adopting the Korean Air name from December 17.


In the next six months, both carriers will slowly transition to one brand, carrying out the necessary updates to have Asiana aircraft, uniforms, on-board literature, lounges and terminals rebranded. Crew and other related ground operations workers will undergo retraining to fall in line with the Korean brand.  

In a statement, Korean Air says:

“The integration will elevate Korean Air’s global market presence and establish Incheon International Airport as a dominant global hub through optimized network connectivity and increased transit efficiency. Korean Air is also finalizing the loyalty program consolidation in coordination with the Korea Fair Trade Commission and relevant authorities to ensure a seamless transition for passengers.”

It is sad to see another carrier “disappear”, but realistically, much of Asiana’s operations will still live on, at the expense of some downsizing and realignment. Sadly, Asiana struggled to maintain consistent profitability, and like the Alaska/Hawaiian merger, it’s better to consolidate rather than lose an airline entirely.

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