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

flag 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. flag Korean Air will divest some European routes and Asiana's cargo business to address competition concerns. flag 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. flag Concerns include potential price hikes and job cuts.

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