Korean Air Board and Asiana Shareholders Ratify Merger, Dec. 17 Set
Korean Air’s board ratified the Asiana Airlines merger agreement on Aug. 12 under South Korean simplified merger rules, while Asiana’s extraordinary general meeting approved the deal. Attendance was 81.86% and 99.3% of represented shares (167.44 million) voted in favor. After creditor protection and administrative steps, legal registration is scheduled for Dec. 17, when the integrated company will launch.
Coverage (5)
- Asiana/Korean Air merger: final hurdle cleared (voyages-d-affaires.com)
- Asiana shareholders approve merger with Korean Air (koreatimes.co.kr)
- Asiana shareholders approve merger with Korean Air (english.kyodonews.net)
- Asiana shareholders approve merger with Korean Air, with aim to launch integrated carrier on Dec. 17 (koreajoongangdaily.com)
- Asiana Airlines merger finalized by board and shareholders (mk.co.kr)