East Coast Wine Trail

East Coast Wine Trail
East Coast Wine Trail

Thursday, 24 February 2022

South Korean airline giants closer to merger

Two of Asia's leading airlines have been given the go-head for a merger.

South Korea’s competition regulator this week granted conditional approval for a merger between Korean Air and smaller South Korean airline Asiana. 

The Fair Trade Commission green-lighted the move on condition the airlines relinquish some slots for routes where they have more than 50% of the market share, Travel Mole reported. 

Combined, they would operate around 48.9% of international flights from South Korea and 62% of domestic flights.

The merger will see the combined company become the 10th-largest airline in the world.

The exact number of slots and transportation rights the merged entity would have to give up will be decided later. 

Korean Air plans to form a totally integrated company with Asiana in 2024.


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