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Athens-Kozani-Kastoria, operated by Sky Express (subsidy of 476 thousand euros).
In an announcement, the ministry said the continuation of the PSO routes was deemed necessary for reasons of public interest as they cover vital needs of some of Greece’s remote mainland and island destinations. The contracts had originally expired on January 1.
PSO routes are certain air routes that are financially unviable for airlines to operate. Most PSO routes are subsidized by the state and assigned to airlines following a tender process. Carriers that serve such routes on a zero subsidy enjoy benefits (such as exemption from certain levies) applicable to PSO routes in general.
Korean Air s Asiana acquisition facing overseas antitrust review
Posted : 2021-01-14 15:46
By Baek Byung-yeul
Korean Air said Thursday it has submitted documents to antitrust regulators in multiple countries, asking them to review the company s planned acquisition of Asiana Airlines.
In November last year, the country s largest full-service carrier announced it would acquire cash-strapped rival Asiana Airlines after raising 1.5 trillion won ($1.36 billion) for the deal by issuing new stock. If Korean Air receives approval from the antitrust agencies, the carrier will emerge as the world s 10th largest airline by fleet size.
The carrier itself didn t specify to which countries it submitted the applications, but Lee Dong-gull, chairman of the Korea Development Bank (KDB), recently revealed documents were submitted to regulators in 16 countries including Korea, China, Turkey, Taiwan, members of the European Union and the United States.