Air Seoul defers ₩30bn Asiana debt payment to late 4Q24

EC sets mid-1Q24 deadline for Korean/Asiana merger decision

The European Commission (EC) has set February 19, 2024, as the tentative date for a decision on the merger of Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon). The EC updated its website on December 6, adding the new deadline. At the same time, one of the EC's top competition bosses told media that the parties were progressing towards solving some of the more contentious merger aspects.

The proposed KRW1.8 trillion won (USD1.37 billion) merger will see Korean Air take a 63.9% stake in Asiana, taking its aircraft and other infrastructure and dissolving the brand. However, the EC has raised concerns about the merger's competitive impact on cargo and passenger routes between South Korea and European airports. In May, the EC sent Korean Air a statement of their objections to the proposed merger. Specifically, the commission had concerns on two fronts, including that the provision of passenger transport services may be reduced on four routes between South Korea and France, Germany, Italy, and Spain and that the provision of cargo transport...

Korea's Jin Air delays delivery of two MAX 8s

Korea's Asiana sues tax office over ₩112bn tax penalty

Korea's Eastar Jet inks agreement to grow ops at Cheong Ju