Korean Air to decide today on sale of Asiana's cargo business

© Songallery

Asiana and Korean Air are holding board meetings today to consider the sale of Asiana’s cargo arm, before a merger of the pair. The European Commission requested remedies to address anti-competitive concerns, which could be fulfilled by the sale of the cargo operations. Korean Air (KAL) must submit its plans by the end of tomorrow. According to Korea JoongAng Daily, KAL will put together a plan for selling Asiana’s cargo business, along with detailed measures to maintain employment levels. Asiana ...