Korean Air has postponed the closing of its KRW750 billion purchase of the remaining 80% stake in Korean Air C&D Service until 31 August 2026. The catering and duty-free sales unit will come fully back under the airline’s control once the transaction closes, giving Korean Air 100% ownership of the business.
The deadline has now been moved back for a second time, after earlier target dates of 1 June and 31 July. Korean Air linked the latest delay to slower-than-expected clearance from the South Korean Fair Trade Commission for the business combination.
Korean Air C&D Service handles inflight catering and duty-free sales, making it part of the carrier’s broader effort to consolidate its onboard services supply chain. The deal carries an estimated value of about USD525 million, and no change to the transaction terms has been disclosed beyond the revised closing date.