EU antitrust regulators set to okay Korean Air-Asiana deal, sources say

Trinity Airways Co

12/01/2024 13:06

BRUSSELS, Jan 12 (Reuters) - EU antitrust regulators are
set to clear Korean Air's  003490.KS  proposed acquisition of
Asiana Airlines  020560.KS  after the companies pledged to sell
the latter's cargo unit and divest routes to four European
cities, two people with direct knowledge of the matter said.
    Korean Air, South Korea's biggest carrier, put in the offer
in November last year, with the proposed cargo business sale a
significant departure from the usual airline remedies of airport
slots and access to frequent flyer programmes. 

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