Upon receiving a conditional approval from the European Union (EU) over the merger between Korean Air and Asiana Airlines, the sale of Asiana Airlines cargo business has officiall.
Korean Air said Wednesday Japan s antitrust regulator has approved a 1.8 trillion-won ($1.34 billion) merger deal with its smaller rival Asiana Airlines, moving the merger process between Korea s two full-fledged air carriers one step further.
Jeju Air and T’way Air are expected to benefit from a planned acquisition of Asiana Airlines by Korean Air, as the integrated mega-sized carrier is set to transfer the rights of their lucrative businesses to the two low-cost carriers (LCC), according to industry officials, Tuesday.
The European Union (EU) s antitrust regulator is set to approve a merger deal between South Korea s two largest carriers - Korean Air and Asiana Airlines, Reuters reported Friday.