Major merger in South Korea: Korean Air wants to rescue and integrate Asiana Airlines

The indications of an intended merger of the two major South Korean airlines Korean Air and Asiana Airlines are becoming more and more concrete.

Here you can read an article in The Korea Herald

And here is a Reuters report

According to the report, Korean Air initially plans to support the severely stricken Asiana Airlines with the equivalent of around EUR 1.35 billion, in order to integrate it completely later. The priority is to avoid job cuts.