Air Incheon taps financial guru to oversee Asiana cargo business acquisition

Air Incheon taps financial guru to oversee Asiana cargo business acquisition Air Incheon appointed Kim Kwan-sik as its new CEO, leveraging his financial expertise for the airline’s smooth and timely acquisition of Asiana Airlines’ cargo business, industry officials said Tuesday. The former executive vice president and CFO of the budget carrier has extensive experience in finance, having held key roles in major affiliates of the former Kumho Asiana Group. bHe joined Air Incheon last month upon the recommendation of the airline’s largest shareholder, Socius Private Equity, with hopes that the executive will be able to drive swift acquisition of the cargo business from Asiana Airlines, which was recently merged with Korean Air. Kim is tasked with finalizing the high-profile acquisition by July 2025. Under this scenario, Air Incheon will rise to become the nation’s second-largest air cargo business operator.<br/>