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T'way Air

T'way Air

Low-cost carrier

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Korean Air absorbs Asiana to form South Korea's sole flag carrier

Money Moves

Main beneficiary of route divestments

South Korea has had two full-service international carriers since 1988. On December 17, 2026, it will have one. Korean Air confirmed May 26 that on that date it will absorb Asiana Airlines' fleet, staff, routes, and operating certificate, retiring the Asiana brand after 38 years.

Updated 1 hour ago