Korean Air-Asiana merger gets conditional approval

South Korea’s competition regulator granted a conditional approval for the Korean Air-Asiana merger.

The Fair Trade Commission green-lighted it on condition the airlines relinquish some slots for routes where they have more than 50% of the market share. Combined, they would operate around 48.9% of international flights from South Korea and 62% of domestic flights.

The merger will see the combined company become the tenth largest airline in the world.