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Gov’t to Closely Monitor Airfare amid Monopoly Woes over Korean Air-Asiana Merger

Gov’t to Closely Monitor Airfare amid Monopoly Woes over Korean Air-Asiana Merger

SEOUL, Mar. 7 (Korea Bizwire) — The government said Thursday it plans to closely monitor air ticket prices amid concerns of market monopolization from an envisioned merger between Korean Air Co. and Asiana Airlines Inc. The Ministry of Land, Infrastructure and Transport announced the measures centered around the transport and logistics infrastructure for 2024 at [...]

Auction Set to Begin to Sell Asiana’s Cargo Division

Auction Set to Begin to Sell Asiana’s Cargo Division

SEOUL, Feb. 20 (Korea Bizwire) — The auction to sell Asiana Airlines Inc.’s cargo business division is set to begin Tuesday following the European Union’s antitrust regulator’s conditional approval of Korean Air Co.’s planned merger with Asiana, industry sources have said. The European Commission (EC), the executive body of the EU, gave a conditional nod [...]

Korean Air, Asiana One Step Away from Forming Mega-carrier after EU’s Merger Nod

Korean Air, Asiana One Step Away from Forming Mega-carrier after EU’s Merger Nod

SEOUL, Feb. 13 (Korea Bizwire) — Korean Air Co. and Asiana Airlines Inc. have now entered the final stretch of sealing their proposed merger after winning approval by the European Union of the consolidation of South Korea’s two full-service carriers. The conclusion as to whether the companies can ultimately merge themselves into a single mega-carrier [...]

Asiana Airlines Launches Temporary Passenger Weight Measurement Program at Gimpo Airport

Asiana Airlines Launches Temporary Passenger Weight Measurement Program at Gimpo Airport

SEOUL, Dec. 13 (Korea Bizwire) – Asiana Airlines, one of South Korea’s major air carriers, has announced a temporary program to measure the body weight of passengers on its domestic flights. This initiative, running from December 12 to 21, is part of a standard weight measurement protocol mandated by the Ministry of Land, Infrastructure and Transport.  [...]

EU Says to Provisionally Decide on Korean Air-Asiana Merger by Mid-Feb.

EU Says to Provisionally Decide on Korean Air-Asiana Merger by Mid-Feb.

SEOUL, Dec. 6 (Korea Bizwire) — The antitrust regulator of the European Union announced Wednesday it plans to make a provisional decision on whether to approve a merger deal between Korean Air Co. and Asiana Airlines by mid-February. The European Commission (EC), the executive body of the EU, set its provisional deadline for the review by Feb. 14, according to its official [...]

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 [...]