EU approves merger of Korean Air and Asiana Airlines, creating a global aviation giant.

The European Union has given final approval for the merger of South Korea's two largest airlines, Korean Air and Asiana Airlines, subject to certain conditions. Korean Air will divest some European routes and Asiana's cargo business to address competition concerns. The merger, expected to create a global powerhouse with a fleet of 238 aircraft, is still pending U.S. approval but is set to finalize by December. Concerns include potential price hikes and job cuts.

November 28, 2024
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