06.02.2024
Artikel Nummer: 48180
Merger in full swing
The Japan Fair Trade Commission (JFTC) has approved Korean Air’s business combination with Asiana Airlines, marking a significant milestone in the two airline
s’ merger process. To date, Korean Air has received approvals from twelve of fourteen competition authorities. The approval process commenced in January 2021, when Korean Air submitted its intent to the JFTC. Twelve authorities, including Japan, have either approved the combination or concluded the review on the grounds that the business combination was not subject to review or report.
Korean Air is committed to constructive dialogue with the remaining authorities - the EU and USA - to obtain approvals at the earliest opportunity. (cj)