Japan grants approval for Korea airline merger

Wednesday, 31 Jan, 2024 0

Korean Air’s long drawn out airline merger with Asiana Airlines is one more step closer to completion.

Japan’s antitrust regulator has given it the green light.

Japanese authorities had been in discussions with airline officials and their legal reps since 2021.

Korean Air began the process with Japan’s regulator three years ago

The airline had to take corrective action to ensure some routes weren’t stifling competition due to the two airlines’ combined market share.

Korean Air has reportedly given up some routes.

Now, the airline merger rests on the approvals of the last two international regulators – the US and EU.

“We expect Japan’s approval will positively influence the decisions of the US and EU authorities,” Korean Air said.

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.

To say Sweden is fit for a fairy tale is not overstating it—the palaces dazzle, the boreal forests are brimming...

Queensland – where it’s rude not to stare Here in Queensland, there’s plenty to do. But there’s even more to...

SOUTH AUSTRALIA. FOR THOSE WHO WANT A LITTLE MORE. South Australia. It’s a beautiful place. A place for the restless,...

NSW, Australia Welcome to New South Wales – a place to feel free, feel alive, feel new. As the official...

ABOUT THE PHILIPPINES Mabuhay! Welcome to our archipelago of 7,641 islands where there are endless beaches, lively and fashionable cities,...

We understand the importance of personal touch We do things a bit differently at Eventsquid. We know that we could...

River cruising is a treat for the senses, allowing you to see, touch, feel and experience the world like never...

Greater Fort Lauderdale’s assortment of adventures awaits you. Whether you want to relax on the beach as the sound of...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

Chargebacks911 offers scalable solutions that are customized for any business of any size in any industry. With the flexibility to...

Why Avalon Waterways: Happiness flows on an Avalon river cruise. From Asia to South America and Europe to the Nile,...

The Mexico Tourism Board serves as the driving force behind Mexico’s global appeal, orchestrating targeted marketing campaigns to showcase the...

Blue Diamond Resorts consistently goes above and beyond guest expectations by delivering groundbreaking vacation experiences through our exceptional collection of...

Arival advances the business of creating amazing in-destination experiences. We provide events, insights, and community for creators and sellers of...