Yes. Korean Air completed its purchase of a controlling 63.88% stake in Asiana Airlines on December 11, 2024, and announced the closing the next day. It paid KRW 1.5 trillion for 131.57 million newly issued shares. The share purchase made Asiana a subsidiary; it did not mean the airlines’ operations, brands, or systems were integrated on the closing date.
What Korean Air acquired
Korean Air bought 131.57 million newly issued Asiana shares, equal to 63.88% of the airline, for KRW 1.5 trillion. Yonhap reported the share count and transaction timing in December 2024; Korean Air’s September 2025 offering circular also confirms the stake, consideration, and December 12 acquisition date. The won amount is stated as reported, without a dollar conversion.
With a majority stake, Asiana became a subsidiary under Korean Air’s control. This was a share acquisition, not an announcement that Asiana ceased to exist or that every part of the two airlines became one immediately.
When the deal closed
Korean Air completed the share purchase on December 11, 2024, and announced completion on December 12. Yonhap described the plan to acquire Asiana as having been announced in November 2020.
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
#1 Best Overall
- Realistic airplane model: Officially licensed by Delta Air Lines with authentic, highly detailed markings and designs accurate to the real plane
- Toy airplane for kids: This must-have for the young aviator in your life includes a single toy plane with rolling wheels and authentic livery
- Size: Plane model measures approximately 5.75 inches in length with a 5- inch wingspan, perfectly sized for easy display and handling
- Quality materials: Die-cast metal airplanes with plastic parts, no assembly required
- Let your imagination fly: Daron airplanes have brought smiles to kids and collectors since 1990 as America’s source of aviation-related collectibles and transportation themed toys
| Date | Milestone |
|---|---|
| November 2020 | Korean Air announced plans to acquire Asiana, according to Yonhap’s December 2024 account. |
| February 13, 2024 | The European Commission adopted a conditional clearance decision requiring commitments addressing passenger and cargo competition. |
| November 2024 | The European Commission approved Air Incheon as a suitable buyer for Asiana’s cargo divestment business. |
| December 11–12, 2024 | Korean Air completed the purchase and announced it, respectively. |
Why regulatory approval affected the deal
European Commission conditions
The European Commission’s February 2024 clearance was conditional, with commitments addressing both passenger and cargo competition. Among them was the divestment of Asiana’s global cargo freighter business. In November 2024, the Commission approved Air Incheon as a suitable purchaser for that business. The remedy was therefore part of the transaction’s regulatory path, rather than a post-closing detail unrelated to approval.
In its Case M.10149 decision summary, the Commission wrote: “In sum, the Commission concludes that the efficiencies claimed do not sufficiently fulfil all criteria of being merger-specific, to the benefit of affected consumers, verifiable and sufficient.” This is the Commission’s assessment of the claimed efficiencies; it should not be read as a general finding that the acquisition produced no benefits.
Rank #2
- High-quality die-cast metal airplane replica of the Emirates “Destination Dubai” A380, designed to be both a durable toy for imaginative play and a collectible display model for aviation enthusiasts of all ages.
- Vibrantly colored and officially licensed toy, authentically decorated to match the special Emirates livery created for Dubai Expo 2020, featuring the striking orange, green, and blue color scheme along with the slogans ‘Destination Dubai’ and ‘Be Part of the Magic’ printed on each side, just like the real aircraft.
- Compatible with all Daron airplane playsets, making it a versatile addition to any existing airport scene or play environment, allowing kids to expand their aviation world with ease.
- Perfectly sized for young hands and collectors alike, this aircraft model is easy to handle, whether for active runway adventures or for display on a shelf as part of a growing airplane collection.
- Measures approximately 5 1/2 inches in length with a 6-inch wingspan, this replica accurately captures the scale and distinctive features of the real-life Emirates A380, specially designed for Dubai Expo 2020, and is recommended for children ages 3 and up.
South Korean review
On December 12, 2024, South Korea’s Fair Trade Commission said its merger review was complete and that it had modified and clarified some corrective measures. The authority said its decision took account of completed foreign reviews and the end of the COVID-19 situation. Its cited release is in Korean; the available English-language information does not establish a complete list of the Korean remedies, so their detailed terms should not be inferred.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Closing the purchase was not the same as integrating the airlines
The December 2024 closing transferred majority ownership and made Asiana a subsidiary. Yonhap reported a plan for a two-year post-merger integration before absorption, but that was a plan described at the time—not proof that integration finished on a particular date.
Rank #3
- Realistic airplane model: Officially licensed by Turkish Airlines with authentic, highly detailed markings and designs accurate to the real plane
- Toy airplane for kids: This must-have for the young aviator in your life includes a single toy plane with rolling wheels and authentic livery
- Size: Plane model measures approximately 5.75 inches in length with a 5-inch wingspan, perfectly sized for easy display and handling
- Quality materials: Die-cast metal airplanes with plastic parts, no assembly required
- Let your imagination fly: Daron airplanes have brought smiles to kids an0d collectors since 1990 as America’s source of aviation-related collectibles and transportation themed toy
The sources cited here do not establish the status as of October 8, 2026, of Asiana branding, mileage conversion, IT systems, or the consolidation of Asiana’s low-cost affiliates. The acquisition’s closing date alone does not answer those operational questions.
Quick Recap
Best Value
- Iconic B-2 Spirit Stealth Bomber Replica: A highly detailed 1:280 scale model of the legendary B-2 Spirit, the U.S. Air Force’s advanced long-range stealth bomber, developed to replace the aging B-52 fleet.
- Die-Cast Metal Construction: Made from high-quality die-cast metal with select plastic parts, this model captures the B-2’s unique boomerang shape and stealth-focused design, perfect for aviation enthusiasts.
- Stealth & Power in One Model: Accurately replicates the bomber’s specialized radar-evading shape and capability to deliver both nuclear and conventional payloads, including bombs and rotary launchers.
- Display-Friendly Size: Measures approximately 3 inches long with a wide 7 3/8 inch wingspan, ideal for desktops, shelves, or as part of a military aircraft collection.
- Includes Custom Display Stand: Comes with a sturdy plastic stand for dynamic display in flight mode, recommended for adult collectors and military aviation fans aged 14 and up.
Rank #4
- Die-cast metal historical airplane
- Includes display stand
- Part of the postage stamp collection
Sources
- Yonhap News Agency, “(LEAD) Korean Air completes Asiana takeover, integrating it as subsidiary,” December 12, 2024.
- Korea Fair Trade Commission, “대한항공-아시아나항공 기업결합 심사 최종 마무리,” December 12, 2024, revised December 23, 2024.
- European Commission / Official Journal, Case M.10149 decision summary.
- European Commission, Directorate-General for Competition, “Korean Air/Asiana – a race for cargo space,” 2025.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
