The Japan Fair Trade Commission (JFTC) approved Korean Air’s business combination with Asiana Airlines, marking a significant milestone in the two airlines’ merger process. To date, Korean Air has received approvals from 12 of 14 competition authorities. The approval process commenced in January 2021, when Korean Air submitted its intent to the JFTC. Subsequently, a […]
Korean Air received unconditional approval from the Competition and Consumer Commission of Singapore (CCCS) for its business combination with Asiana Airlines on February 8. Following its assessment, the CCCS has concluded that Korean Air’s acquisition of Asiana Airlines will not infringe Singapore’s Competition Act. Singapore’s competition authority conducted a public consultation in July last year […]
Korean Air has finalised a post-merger integration plan with Asiana Airlines after receiving confirmation from the Korea Development Bank. In November, Korean Air signed a deal to acquire Asiana’s new shares and perpetual convertible bonds. After the contract, Korean Air thoroughly conducted due diligence and created the post-merger integration plan, which it submitted to the […]
The South Korean Asiana Airlines has temporarily stopped operating six international routes because of the diminished flow of Chinese tourists against the backdrop of diplomatic tensions that arose between Seoul and Beijing after the installation of the THAAD anti-missile system, according to Pulse by Maeil Business News Korea that cites corporate and industry sources. The […]
