News / EC gives Asiana takeover the green light – dependent on cargo sale

The EC’s competition regulator has approved Korean Air’s proposed acquisition of fellow South Korean carrier Asiana, provided the two sell Asiana’s cargo operations.

In addition, the takeover of Asiana will remain dependent on EC approval of the buyer of its cargo business, as well as parts of its passenger operation.

The merger of the two domestic airlines was mooted by the South Korean government during Covid, and it was an open secret that at least some part of the cargo business would ...