EU regulators set new Feb. 14 deadline for Korean Air, Asiana deal

ASIANA AIRLINES

06/12/2023 22:01

By Foo Yun Chee
       BRUSSELS, Dec 6 (Reuters) - EU antitrust regulators have
set a new Feb. 14 deadline to decide whether to clear Korean
Air's  003490.KS  proposed acquisition of Asiana Airlines
 020560.KS , according to an update on the European Commission
website.
    The EU competition enforcer temporarily halted its
investigation into the deal on June 23 while waiting for the
companies to provide requested information.
    "There is very good progress with some proposals," EU
antitrust chief Didier Reynders told reporters.
    Korean Air, the country's biggest carrier, last month
offered remedies to address EU competition concerns. This
included the sale of Asiana's cargo business. Sources said the
package also included the divestment of routes to Barcelona,
Frankfurt, Paris and Rome.
    The Commission is now expected to seek feedback from
customers and rivals before deciding whether to accept the
remedies or demand more.

 (Reporting by Foo Yun Chee; 
Editing by Sandra Maler)
 ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))