With the corporate consolidation of Korean Air and Asiana Airlines, the three low-cost carriers (LCCs; Low Cost Carrier) under Hanjin Group (JIN AIR, AIR SEOUL, AIR BUSAN) will be integrated into JIN AIR within the first quarter of 2027.
On the 8th, JIN AIR said in a regulatory filing, "In line with Korean Air's plan to integrate Asiana Airlines following the acquisition, the three LCCs under the group have formed a dedicated organization to launch the integrated corporation and are carrying out post-merger integration (PMI)," and stated accordingly.
Korean Air announced its acquisition of Asiana Airlines in Nov. 2020, received corporate combination approvals from competition authorities in 14 countries, completed the acquisition at the end of last year, and is proceeding with integration. The plan is to complete the merger by the end of 2026.
The affiliated LCCs will likewise proceed with tasks such as brand names, aircraft liveries, route realignment, and slot adjustments, aiming to launch an integrated airline around the same time. They are also reviewing the introduction of new aircraft and the expansion of medium-haul routes.
JIN AIR said, "Linked to the parent company's merger schedule, we plan to push for the launch of an integrated LCC within the first quarter of 2027," adding, "We will make a new disclosure at the time a specific decision is made or within six months."