Korean Air selects Air Incheon as the preferred bidder for Asiana Airlines’ cargo business

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Korean Air has chosen Air Incheon as the preferred bidder for Asiana Airlines’ cargo freighter business, following a decision by its Board of Directors on June 17, 2024. The selection criteria included transaction completion certainty, long-term competitiveness enhancement, and financial mobilisation capability.

Air Incheon, established in 2012 and Korea’s sole all-cargo airline, aims to boost its competitiveness by leveraging Asiana’s extensive long-haul network and larger cargo aircraft.

A framework agreement is expected in July, pending a European Commission review. Korean Air emphasises the importance of this transaction for the air cargo industry and aims for swift finalisation through negotiations.

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