According to local news outlet Tomato News, Korean Air is planning to acquire the remaining 36.1% stake in Asiana Airlines. It owns 63.9% currently and much control in the management of it. But it wants to form a single airline structure, gradually removing the airline as a brand, starting in December 2026.
Korean Air is making changes
The Chairman and Chief Executive of Korean Air Cho Won-Tae described the changes that are being put into motion. These are being made to ensure the operational standards in Asiana Airlines’ align with Korean Air’s. Employee pay will be adjusted, with a reported 32% increase to match Korean Air’s standards.
It will also institute changes to the airline’s classification systems regarding job roles and titles. It is looking to streamline the classifications by matching them. Won-Tae described the company as ready for the merger.
Optimism in process
The Chief Executive of Asiana Airlines Song Bo-Young has shared feelings of optimism on the merge between the two airlines. Bo-Young has also added that current business, geopolitical and economic issues could raise difficulties for the process.
He stated, drawing on the importance of safety in operations too:
“All employees will unite and do their utmost to successfully complete the tasks at hand by strengthening profitability.”
This reassurance follows the airline’s emergency management in March, facing economic difficulties as a result of conflict in the Middle East.
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