European Commission approves Korean Air and Asiana Airlines' merger, pending U.S. approval.

The merger of South Korea's two largest airlines, Korean Air and Asiana Airlines, has received final approval from the European Commission after meeting all required conditions. These conditions included divesting Asiana's cargo unit and making changes to four overlapping Europe-South Korea routes. The deal now awaits final approval from U.S. authorities before the transaction can be completed by the end of December.

December 02, 2024
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