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Jin Air
South Korea · Airline · 272450 · KRX
Jin Air, Air Busan and Air Seoul sign merger to form Korea's largest LCC
The boards of Hanjin's three LCCs signed a merger under which Jin Air (272450) absorbs Air Busan (298690) and Air Seoul, for a combined 59-aircraft fleet ahead of Trinity Airways' 48. The share ratios are 0.29 Air Busan and 0.75 Air Seoul shares for each Jin Air share. Shareholders vote in December, with launch planned for March 17, 2027.
Related entities
- Air Busan (South Korea) — counterparty
- Air Seoul (South Korea) — counterparty
- Hanjin KAL (South Korea) — mentioned
Source
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