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Korean Air-Asiana Merger Plan Faces Major Headwinds in Winning Antitrust Approval in Key Markets

Korean Air-Asiana Merger Plan Faces Major Headwinds in Winning Antitrust Approval in Key Markets

SEOUL, Oct. 31 (Korea Bizwire) — Although announced nearly three years ago by the South Korean government, the proposed merger of Korean Air Co. and Asiana Airlines Inc., the country’s two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets. In November 2020, Korean Air signed a deal to [...]

Asiana Airlines to Decide on Sale of Cargo Biz to Win EU Approval for Korean Air’s Takeover

Asiana Airlines to Decide on Sale of Cargo Biz to Win EU Approval for Korean Air’s Takeover

SEOUL, Oct. 30 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that [...]

Asiana Airlines Union Protests Korean Air Merger ahead of Decision on Cargo Business’s Fate

Asiana Airlines Union Protests Korean Air Merger ahead of Decision on Cargo Business’s Fate

SEOUL, Oct. 24 (Korea Bizwire) — Unionized workers of Asiana Airlines Inc. on Tuesday protested the company’s merger deal with its larger rival Korean Air Co., as the company is expected to soon decide whether to sell its cargo division to win antitrust approval from European Union (EU) regulators for the two carriers’ merger. At [...]

Critical Asiana Board Meeting May Determine Fate of Merger with Korean Air

Critical Asiana Board Meeting May Determine Fate of Merger with Korean Air

SEOUL, Oct. 23 (Korea Bizwire) – The Asiana Airlines board meeting scheduled for October 30 is poised to become a pivotal event in the merger between Korean Air and Asiana Airlines. If the proposal to sell Asiana Airlines’ cargo business in compliance with the European Union’s (EU) request is rejected, the merger between the two airlines, [...]

Asiana Airlines to Decide on Sale of Cargo Biz to Win EU Approval for Korean Air’s Takeover: Sources

Asiana Airlines to Decide on Sale of Cargo Biz to Win EU Approval for Korean Air’s Takeover: Sources

SEOUL, Oct. 20 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide on whether to sell its cargo business later this month, as Korean Air seeks to win antitrust approval from European Union (EU) regulators for its takeover of the rival, industry sources said Friday. Asiana is set to hold [...]

Asiana Airlines Hosts Surprise Event to Protect Endangered Animals

Asiana Airlines Hosts Surprise Event to Protect Endangered Animals

SEOUL, Oct. 6 (Korea Bizwire) – Asiana Airlines announced on Thursday that it hosted a surprise event called ‘Handle with Love’ to raise public awareness about the protection of endangered animals. The event took place at the arrivals gate on the first floor of Incheon International Airport Terminal 1 the day before. This event was conducted [...]

Asiana Airlines Plane’s Door Opens Right Before Landing at Daegu Airport

Asiana Airlines Plane’s Door Opens Right Before Landing at Daegu Airport

SEOUL/DAEGU, May 26 (Korea Bizwire) — A door of an Asiana Airlines plane carrying 194 people opened right before landing at Daegu International Airport on Friday, leaving nine passengers with breathing difficulty, but the plane landed safely, officials said. Police detained a 33-year-old man on suspicions of pulling the door lever. After departing from Jeju [...]

U.S. Weighs Suit Against Korean Air’s Planned Acquisition of Asiana: Report

U.S. Weighs Suit Against Korean Air’s Planned Acquisition of Asiana: Report

SEOUL, May 19 (Korea Bizwire) — The U.S. government is considering suing to block South Korean national flag carrier Korean Air Co.’s planned acquisition of its smaller domestic rival Asiana Airlines Inc. due to competition reasons, a news report has said. The two Korean airlines’ planned merger may harm competition on passenger and cargo traffic [...]