Merger • Airlines

Korean Air Acquires Asiana Airlines

On December 12, 2024, Korean Air acquired airliner Asiana Airlines for 1.3B USD

Acquisition Context
  • This is Korean Air’s 2nd transaction in the Airlines sector.
  • This is Korean Air’s 2nd largest (disclosed) transaction.
  • This is Korean Air’s 1st transaction in South Korea.

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M&A Deal Summary

Date December 12, 2024
Target Asiana Airlines
Sector Airlines
Buyer(s) Korean Air
Deal Type Merger
Deal Value 1.3B USD

Target Company

Asiana Airlines

Seoul, South Korea
Asiana Airlines is a multinational airline serving passengers throughout Asia. Asiana Airlines was formed in 1988 and is headquartered in Seoul, South Korea.
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Buyer Overview 1

Buyer

Korean Air

Seoul, South Korea

Category Company
Founded 1962
Sector Airlines
Employees16,969
Revenue 17.87T KRW (2024)
DESCRIPTION

Korean Air is a national airline serving passengers through hubs in South Korea. Korean Air was formed in 1962 and is headquartered in Seoul, South Korea.


Deal Context for Buyer #
Overall 2 of 2
Sector: Airlines 2 of 2
Type: Merger 1 of 1
Country: South Korea 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 WestJet

Calgary, Alberta, Canada

WestJet operates scheduled and charter services to destinations in North America, Central America, the Caribbean, Europe, and Asia. WestJet specializes in passenger and cargo air transport through its mainline operations and subsidiaries, including WestJet Encore, WestJet Cargo, and Sunwing Vacations Group.. WestJet was founded in 1996 and is based in Calgary, Alberta.

Buy $5.0B

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