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Latest news
Korean Air to merge with Asiana Airlines in late 4Q26
Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon) will integrate on December 17, 2026, after the respective boards approved the merger agreement on May 13. The two carriers signed a contract to execute the merger the day after.
Korean Air will absorb all assets, liabilities, and...
Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon) will integrate on December 17, 2026, after the respective boards approved the merger agreement on May 13. The two carriers signed a contract to execute the merger the day after.
Korean Air will absorb all assets, liabilities, and employees of Asiana Airlines. The carrier submitted a merger application to South Korea's Ministry of Land, Infrastructure and Transport on May 14. In June 2026, it also plans to apply for amendments to its Operations Specifications (OpSpecs) to incorporate Asiana Airlines' aircraft and safety systems under Korean Air's existing air operator's certificate.
The merger ratio was set at one Korean Air share for every 0.2736432 Asiana Airlines shares, resulting in an expected capital increase of KRW101.7 billion won (USD68.3 million) for Korean Air.
Asiana Airlines will hold an extraordinary shareholders' meeting in August 2026 to vote on the merger. Korean Air, meanwhile, will approve the transaction through a board resolution as the deal qualifies as a small-scale merger under South Korea's Commercial Act.
The two airlines are also consulting the Korea Fair Trade Commission to finalise the integration plan for their frequent-flyer programmes.
The consolidation follows an initial acquisition agreement signed in November 2020, when the South Korean government and creditors injected KRW3.6 trillion (USD2.4 billion) to stabilise Asiana Airlines during the COVID-19 pandemic. Korean Air said it has since repaid the public financial support.
As previously reported by ch-aviation, Korean Air plans to complete the acquisition of the remaining 36.1% stake in Asiana Airlines in the second quarter of 2026 and gradually phase out the Asiana Airlines brand and corporate entity after the integration. The airline has been working to align operational standards, employee compensation, and safety systems ahead of the merger.
Korean Air is also upgrading its operational infrastructure ahead of the integration, including renovations to its operations control centre and cabin crew training facility in Seoul, as well as expansions to engine maintenance shops and hangars at Seoul Incheon.
"The integration will elevate Korean Air's global market presence and establish Incheon International Airport as a dominant global hub through optimised network connectivity and increased transit efficiency," the carrier said.
15May2026
Nigerian pilgrims stranded over Iperu technical concerns
Nigerian pilgrims bound for the 2026 Hajj were stranded for days after flynas (XY, Riyadh) allegedly declined to operate from newly commissioned airport Iperu, according to the newspaper Punch.
The daily claimed that the Saudi carrier had refused to land at the airport in Nigeria's Ogun State over unspecified technical...
Nigerian pilgrims bound for the 2026 Hajj were stranded for days after flynas (XY, Riyadh) allegedly declined to operate from newly commissioned airport Iperu, according to the newspaper Punch.
The daily claimed that the Saudi carrier had refused to land at the airport in Nigeria's Ogun State over unspecified technical concerns. ch-aviation has contacted flynas for comment.
Nigerian carrier MaxAir (Nigeria) reportedly stepped in to transport a batch of pilgrims from Iperu on May 10, while many others remained stranded.
The pilgrims told Punch they had received little official communication and were only informed by text message on May 13 that departures had been shifted to Lagos.
The National Hajj Commission of Nigeria had earlier announced that the inaugural Hajj flight would depart from Iperu aboard flynas, according to Punch.
15May2026
IAG ups B737 MAX allocation to Vueling to 60
This article is only available with a subscription for Commercial Aviation News, Operator & Airport Data.
15May2026
Malta revives long-discussed idea of Gozo air taxi service
Malta's Prime Minister Robert Abela has proposed introducing an air taxi service between Malta International and Gozo to improve connectivity between Malta's two main islands, which are currently only linked by ferry. The initiative, part of a broader package of more than 100 pledges aimed at Gozo ahead of a general election scheduled...
Malta's Prime Minister Robert Abela has proposed introducing an air taxi service between Malta International and Gozo to improve connectivity between Malta's two main islands, which are currently only linked by ferry. The initiative, part of a broader package of more than 100 pledges aimed at Gozo ahead of a general election scheduled for May 30, seeks to address the effects of the sister island's “double insularity,” according to the prime minister. No details regarding timeline, costs, or infrastructure requirements have been disclosed.
Although Gozo has a small paved airstrip, a site currently used only as a heliport, primarily as a base for air ambulance operations. In 2021, the Maltese government outlined plans to extend the heliport's runway to establish an air taxi service linking Gozo with Malta International. The proposal followed similar plans announced in 2016. Neither initiative has materialised.
15May2026
Türkiye's BKNJET inducts first Challenger 350
This article is only available with a subscription for Business Jet News.
15May2026
US's Flight Group Corporation retires sole Citation XLS
This article is only available with a subscription for Business Jet News.
14May2026
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