Air Incheon Co. Ltd proposed to acquire Cargo division of Asiana Airlines Inc. on June 14, 2024.

For the period ending December 31, 2023, Cargo division of Asiana Airlines Inc. reported total revenue of KRW 1 trillion.

The transaction is subject to subject to antitrust regulations and board approval of Korean Air Lines Co., South Korea's flagship air carrier, which is pursuing a merger with Asiana Airlines. Approval from European Commission has been obtained. The expected completion of the transaction is September 1, 2024 to December 31, 2024.