Korean Air said on Feb. 13 that the airline company has received the green light from the European Union’s antitrust regulator for its merger with smaller local competitor Asiana Airlines.The European Union endorsed the merger after Korean Air promised late last year to offload Asiana Airline’s carg
Korean Air announced on January 31 that its merger with local competitor Asiana Airlines had recently gained approval from Japan’s antitrust watchdog.To finalize the $1.34-billion merger between Korea’s two largest airliners, Korean Air needs to get two more green lights from the United States and t
Three players strive to purchase No. 2 flag carrierTwo consortia led by Aekyung Group and Hyundai Development (HDC) each strive to acquire Asiana Airelines, the country’s second-largest flag carrier that is up for grab.A total of three consortia headed by the two players submitted final bids for the
Price expected to approach $2 billionFour players stage fierce competition to gobble up Asiana Airlines, Korea’s second-largest flag carrier that is up for grab because of its deteriorating bottom lines over the past year.They are Aekyung Group, Hyundai Development Company(HDC)-Mirae Asset Daewoo co
SK, Hanwha may purchase airline firmWhich company will take over Asiana Airlines, which is now up for sale after its owner Kumho Asiana Group gave in to the conglomerate’s main creditor, the Korea Development Bank? On the lips of observers are such groups as SK, Hanwha, and Aekyung. The estimated se