What Happened
Low-Cost Airlines Reshape Market Amid Consolidation
Korean Air’s merger with Asiana Airlines is set to close in December, but it’s not the only development reshaping Korea’s aviation industry. Smaller carriers like Jin Air, Air Busan, and Air Seoul are merging to form the largest low-cost airline fleet in the country, while Trinity Airways is rebranding with upgraded services and expanding into medium- and long-haul routes. Other carriers like Jeju Air and Parata Air are also expanding their routes and services, according to The Korea Herald.