Korean Air wins Thailand’s approval for Asiana acquisition
Photo by: Korean Air/Facebook
Tuesday, June 1, 2021 8:44 AM UTC
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Korean Air, the biggest airline in South Korea, revealed on Monday, May 31, that it has earned another approval from two more countries over its acquisition of Asiana Airlines, a smaller local carrier. This means that it is getting closer to full take over of its former rival.
Approvals needed for the acquisition deal to go ahead
Yonhap News Agency reported that Korean Air did not only receive approval from Thailand’s watchdog but also from the Philippines. The two countries are the latest to greenlight the acquisition of Asiana Air, following Turkey that issued its approval in February.