Korean Air (KE, Seoul Incheon) will acquire the remaining 80% stake in Korean Air C&D Service for KRW750 billion won (USD503 million), restoring full ownership of its in-flight catering and duty-free operations, according to a March 12 stock exchange filing and a company press release.

The board approved the purchase of 5,010,343 common shares from Hahn & Company. Closing is scheduled for June 1, 2026, subject to regulatory approvals and the parties' agreement on timing. The airline said it currently owns 1,252,586 shares, or 20% of Korean Air C&D Service.

"Bringing these essential services back in-house aims to guarantee a stable supply of in-flight meals and strengthen overall service competitiveness ahead of the upcoming launch of the integrated airline. Additionally, Korean Air plans to roll out upgraded in-flight duty-free offerings to further enhance the passenger experience," said Korean Air in a press release.

The South Korean flag carrier sold the 80% stake in 2020 to secure liquidity during the COVID-19 pandemic.

Korean Air also approved a separate funding support commitment linked to the refinancing of Korean Air C&D Service's acquisition debt, covering borrowings of about KRW710 billion (USD476.1 million) and related financing costs.

The catering and duty-free unit reported total assets of KRW1.3 trillion (USD872.8 million) at the end of 2024. During the same fiscal year, the subsidiary generated sales of KRW666.5 billion (USD447 million) and a net income of KRW37.9 billion (USD25.4 million).