Korean Air board mulls fate of integrated post-merger LCCs

UK antitrust body delays Korean Air/Asiana merger decision

The UK's Competition and Markets Authority (CMA) has said it needs more time to make a decision about the Korean Air merger with Asiana Airlines. In a January 26, 2023, statement - the date the antitrust body was due to make a decision, the CMA said it would now decide by March 23.

The issue at hand is whether the CMA will accept undertakings provided by Korean Air after saying in mid-November that it had serious reservations about the proposed merger. However, by the end of that month, the airline had provided the CMA with a series of undertakings that included making slots available at London Heathrow and Seoul Incheon to Virgin Atlantic to allow it to start flying on the UK-South Korea country pair or facilitate entry by other carriers. At the time, the CMA said these undertaking lessened their concerns about the merger causing a lessening of competition.

However, in its statement, the CMA now says that "the undertakings involve the approval by the CMA of a proposed remedy taker...

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