Korean Air-Asiana airline merger moves closer

Sunday, 02 Nov, 2023 0

Asiana Airlines has finally taken a big step to a long-delayed airline merger with Korean Air

Asiana board of directors agreed to sell its cargo business.

This will pave the way to getting antitrust approval from foreign regulators such as the EU.

Korean Air has now delivered a new plan to the EU for review.

The European regulator is expected to make a decision on it by January 2024.

The airline merger still requires approvals from the US and Japan.

Korean Air first made the move to acquire Asiana three years ago as it was struggling to stay afloat during the pandemic.

Getting approvals from regulators overseas has been a long, drawn out process.

Korean Air believes this move will finally open the doors to a takeover.

“We will keep negotiating with authorities from the US and Japan, and hope to finalise the screening procedure by early 2024,” a Korean Air spokesperson said.

Korean Air has also offered to divest flying rights to four European cities – Frankfurt, Paris, Rome and Barcelona.

below social share icons

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

Family-owned Olympic Holidays has been arranging holidays to Greece, the Greek islands and Cyprus for more than half century. The company is unrivalled – and recognise...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose today is stronger than ever in our dedication...

Here at Elegant Resorts, luxury travel is in our DNA. True pioneers in the industry, we were the first specialist tour operator of our kind when we emerged back in 198...

Travel Outlook, the premier hotel call center™ Travel Outlook is an innovative, custom off-site central reservations office (CRO) service that serves as either a prima...

Jet2.com is the UK’s third largest airline, flying from ten UK airports to more than 60 destinations across Europe and beyond. Since our first flight in 2003, we...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could hide our sales telephone number from the website — b...

We are a small-group adventure travel operator offering more than 750 tours in 100 countries, on all seven continents. Our award-winning trips support local communitie...

Princess Hotels & Resorts is a hotel chain specialising in holiday and urban hotels located in first class tourist destinations, a choice which enjoys the favour, ...

A state like no other. A place known for togetherness, celebration and happiness. In Louisiana, we call it “joie de vivre” – joy of life. It’s a joy you’ll find when y...

The Paris 2024 Organising Committee for the Olympic and Paralympic Games is responsible for planning, organising, financing and delivering the Olympic and Paralympic G...

Travel specialists founded the company in 1999 as AC Tours. Since then we have grown and expanded to incorporate four premier brands with offices in London, Paris and ...

Since its launch in 1999, TravelMole.com has become, one of the largest global online travel industry communities. It is comprised of over 225,000 travel industry pro...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools that inspire trave...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of the waves lulls you to sleep or get your heart pu...

WANDERERS WELCOME to MISSISSIPPI Mississippi is a state for all those who are wanderers at heart. From lush, forested Appalachian foothills to expansive Delta horizons...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed to be the primary event for...

Central Florida’s Polk County is conveniently located between Orlando and Tampa, and an easy drive to Central Florida attractions and the Gulf and Atlantic beaches. Po...

This is Jersey. An island shaped by the sea where some of the most astonishing tides in the world circle the coast and feed the land. An island that’s small on size, b...