Asiana Airlines board to meet again on Thursday on sale of cargo business -Yonhap

ASIANA AIRLINES

31/10/2023 24:29

SEOUL, Oct 31 (Reuters) - Asiana Airlines  020560.KS 
plans to convene a board meeting again on Thursday, after it
failed to decide in an earlier meeting whether to accept Korean
Air's proposal to sell its cargo operations, Yonhap reported on
Tuesday. 
    Korean Air planned to submit the proposal to the European
Commission (EC) by the end of October to gain EU antitrust
approval to acquire Asiana, a source familiar with the matter
told Reuters earlier this month. 
    Yonhap said that since Asiana's board had dragged out its
decision, Korean Air's submission to the EC would be delayed.

 (Reporting by Ju-min Park; Editing by Tom Hogue)
 ((ju-min.park@thomsonreuters.com; Reuters Messaging:
ju-min.park.thomsonreuters.com@reuters.net))