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Korean Air bids to buy Asiana – 70% of Asiana’s route network overlaps

Korean Air has bid to acquire Asiana. The two carriers have very similar route networks.

Korean Air has made a US$1.62 billion bid to acquire rival Asiana as a means of restructuring and consolidating the South Korean market. 

This, Korean Air says, is to “stabilise the Korean aviation industry” by “enhancing its competitiveness”. 

After all, having two major full-service airlines gives the country “a competitive disadvantage compared to countries like Germany, France and Singapore with a single major airline”.

Is this a sensible and rational decision? Vote at the end of the article.

Korean Air ended 2019 with almost 34.4...

This post first appeared on Anna.aero. Read the original article.

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