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Korean Air-Asiana merger gets approval in Thailand, Philippines
Korean Air has passed the latest hurdle in its planned acquisition of rival carrier Asiana. Regulators in Thailand and the Philippines granted their approval for the merger.
Turkey gave the green light earlier this year. It still requires approvals in several other countries including the US, China, Japan, Australia, the EU and Vietnam, as well as the all-important home market of South Korea.
A Korean Air spokesperson said the airline expects all to approve the takeover as it looks to finalise the $1.6 billion acquisition deal.
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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.
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