United Kingdom
United States
Asia Pacific
Tentative approval given for Korean Air, Asiana merger
Korea’s Fair Trade Commission has signalled its conditional approval for the merger of Korean Air and Asiana Airlines.
Korean Air Lines agreed to acquire 60% of Asiana Airlines with a plan to merge the airlines.
In a preliminary report the FTC said the merged business would likely have to relinquish some slots to allow for consumer choice.
The FTC said it has identified 10 routes which would give the airline a monopoly.
These include long haul routes to Los Angeles, New York, Barcelona, Seattle and Sydney.
"Redistribution of airport slots will allow other airlines to run flights," said Min Hye-young, FTC spokesperson.
The FTC is expected to make a final decision in early 2022.
KAL is still awaiting regulatory approvals in various countries including the US, China, Japan, the UK, Australia, Singapore and the EU.
Related News Stories:
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.
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled