News / Korean Air sees directional imbalance in cargo flows as EC mulls takeover

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Korean Air’s takeover of Asiana Airlines still hangs in the balance, and it appears the European Commission is still assessing the impact and has extended its deadline to February.

Early this year, competition authorities, primarily in the EU and US, expressed concerns that the acquisition of Asiana may restrict competition in several passenger and cargo markets.

According to data from CH-Aviation, the proposed KRW1.8 trillion won ($1.37bn) merger will see Korean Air take a 63.9% stake ...