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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 [...]

Korean Air’s Incheon-Ishikawa Flights Delayed after Major Earthquake Hits Japan’s Western Coast

Korean Air’s Incheon-Ishikawa Flights Delayed after Major Earthquake Hits Japan’s Western Coast

SEOUL, Jan. 2 (Korea Bizwire) — Korean Air Co. said Tuesday its flights connecting Incheon and Japan’s western prefecture of Ishikawa have been delayed after a major earthquake struck off Japan’s west coast the previous day. According to the company, flight KE775 from Incheon International Airport, west of Seoul, to Komatsu Airport in Ishikawa was [...]

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 [...]

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 [...]