South Korea’s second-largest airline, Asiana Airlines agreed to sell its cargo business and pave the way to a merger with its larger compatriot, Korean Airlines on 2rd November 2023. The carrier has a cargo fleet of 11 B747Fs, three of which are leased, and a 767 freighter. Asiana found itself heavily in debt after Covid-19 battered air travel, prompting its largest creditor, state-owned Korea Development Bank, to inject KRW3.6trn ($2.7bn) of public funds to keep the airline afloat. The government then began pushing for Korean Airlines to take over Asiana. Korea Development Bank said this would give South Korea a single, competitive national...
