
Korean Air acquires Asiana Airlines for $1 billion
Korean Air passenger plane on the tarmac of Incheon International Airport in South Korea. SeongJoon Cho/Bloomberg SKorean flag carrier Korean Air has acquired a controlling stake in Asiana Airlines for about $1 billion, merging the country's largest and second-largest airlines. Korean Air, controlled by the Cho family's Hanjin KAL Holdings, purchased 131,578,947 newly issued