Asiana Airlines joins Korean Air as subsidiary

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The story "Asiana Airlines joins Korean Air as subsidiary" was covered 3 hours ago by Korea Economic Daily, a news publisher based in South Korea.

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Asiana Airlines joins Korean Air as subsidiary - Korea Economic Daily

Quick Summary:

Korea’s Ministry of Trade, Industry and Energy also plans to secure additional traffic rights on mid to long-haul routes to Europe and Southwest Asia, dominated by Korean Air and Asiana Airlines, to allocate them to low-cost carriers (LLCs) to promote healthy competition in the aviation industry.

To help Korean Air and Asiana Airlines bolster their united entity’s competitiveness, the government will encourage them to consolidate redundant routes and open new routes to other promising markets in Europe such as Dublin, Ireland and Copenhagen, Denmark.

Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed under its bigger crosstown rival Korean Air Lines Co.as a subsidiary, a move paving the way for the birth of one of the world’s top 10 airlines.