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Korean Air's budget plan Jin Air brand name to take in Asiana low-cost carriers after merger

South Korea's biggest airline company Korean Air will produce one large lowcost provider under its existing Jin Air brand after its merger with smaller competing Asiana Airlines.

Integrating Korean Air's Jin Air with Asiana's Air Busan and Air Seoul could develop an affordable carrier bigger than Korea's. present biggest budget airline companies Jeju Air and T'Way.

Korean Air expects to finish its 1.8 trillion won ($ 1.3. billion) purchase of just over two-thirds of South Korea's. debt-laden Asiana by the end of the year, having actually announced the. handle 2020.

The merger will result in a bigger Korean Air, a complete. service provider, and a bigger low-priced subsidiary, Jin Air.

The Asiana acquisition got last regulative approval. from the European Union's competitors regulator on Thursday, and. is anticipating the last remaining regulatory nod from U.S. authorities imminently in time to complete the offer by Dec. 20.

Jin Air, together with Asiana's Air Busan and Air Seoul,. will be unified under a single Jin Air brand name, a Korean Air. spokesperson stated.

Together Jin Air, Air Busan and Air Seoul have around 58. airplane and in November ran 8% of Korea's domestic and. global capacity, according to Cirium schedule information.

Jeju Air and T'Way operated just over 6% each, and have 42. and 39 airplanes respectively, according to Flightradar24 data.

(source: Reuters)