{"id":167436,"date":"2024-08-07T14:00:22","date_gmt":"2024-08-07T14:00:22","guid":{"rendered":"https:\/?p=167436"},"modified":"2024-08-07T20:54:44","modified_gmt":"2024-08-07T20:54:44","slug":"asiana-airlines-to-sell-air-cargo-unit-to-air-incheon","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2024\/08\/asiana-airlines-to-sell-air-cargo-unit-to-air-incheon.html","title":{"rendered":"Asiana Airlines to sell air cargo unit to Air Incheon"},"content":{"rendered":"\n

Asiana Airlines’<\/strong> cargo unit will be sold to South Korean cargo carrier Air Incheon for 470 billion won ($342 million), Korean Air Lines said on Wednesday.<\/p>\n\n\n\n

The EU competition regulator in June approved Air Incheon as the preferred bidder to buy Asiana’s cargo business, as a condition of approval for Asiana to merge with Korean Air.<\/p>\n\n\n\n

The purchase will likely make Air Incheon, a small cargo-only airline, South Korea’s second-biggest freight carrier.<\/p>\n\n\n\n

\u2192 Korean Air signs MoU to purchase 50 Boeing aircraft<\/a><\/strong><\/em><\/p>\n\n\n\n

A sale agreement was signed on Wednesday, according to a Korean Air filing.<\/p>\n\n\n\n

The purchase would transfer Asiana’s fleet, staff, customers and traffic rights to Air Incheon, which is based at Incheon airport, South Korea’s main international gateway and the world’s fifth-busiest cargo airport.<\/p>\n\n\n\n

Korean Air had obtained a green light from 13 of 14 competition authorities for the Asiana deal and CEO Walter Cho has said he anticipates the final U.S. decision by the end of October.<\/p>\n\n\n\n

With information from Reuters<\/a><\/p>\n\n\n\n

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