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The story
Busan International Airlines Co., Ltd. was established on 31 August 2007. In February the following year, the corporate name was changed to Air Busan Co., Ltd. and an investment agreement was signed by the city of Busan and Asiana Airlines. In April 2008, the company ordered its first aircraft, five Boeing 737s. Two months later, the company was granted a license for regular air transportation. In October 2008, bases were established at Gimpo airport and Jeju international airport and the airline commenced operations between Busan and Gimpo.
In April 2009, the airline took delivery of its fifth Boeing 737-400 aircraft. By August that year, Air Busan had marked 10,000 flights in the 299 days since it began operations. In September 2009, the number of passengers carried reached 1 million. International services, between Busan and Fukuoka, began in March 2010 and in April the number of passengers carried reached 2 million. In January 2011 Air Busan took delivery of its first Airbus A321-200 aircraft.
In 2018, Air Busan applied for a preliminary screening for an initial public offering.
In 2021, Korean Air's Post-Merger Instruction plan for Asiana Airlines was approved by the Korea Development Bank. It includes provisions to merge Air Busan with Korean Air's low cost carrier subsidiary, Jin Air.
Air Busan exclusively uses the expanded international terminal at Gimhae International Airport, which is operational from 26 March 2024.
As a result of Asiana Airlines merger with Korean Air, the airline, alongside Air Seoul will be integrated into Jin Air, Korean Air's subsidiary. In this result, in August 2026, along with Air Seoul signs of official agreement of integration with Jin Air, subsidiary of Korean Air. Since the signing, Air Busan is integrated with Jin Air by 17 March 2027.
From Wikipedia’s article on Air Busan, shared under CC BY-SA 4.0.4