News / Asiana agrees sale of air cargo business, paving the way to merger with KAL

South Korea’s second-largest airline, Asiana Airlines, today said agreed to sell its cargo business and pave the way to a merger with its larger compatriot, Korean Air Lines (KAL).

After a board meeting on Monday failed to reach a resolution, directors met again today, and three of the five board members voted for the sale of the cargo business, one was against and another abstained.

The carrier has a cargo fleet of 11 B747Fs, three of which are ...