2023-10-08 08:31
Asiana may ditch cargo business to close Korean Air merger deal
(Asiana Airlines) Asiana Airlines is expected to discuss selling its cargo business as part of Korean Air's new merger plan, which is facing antitrust concerns in Europe, according to industry sources, Sunday.Sources said the agenda is highly likely to be discussed at a board meeting at the end of the month.Asiana Airlines' potential disposal of its cargo business comes as Korean Air plans to submit an amended merger plan with the smaller rival to the European Commission later this month.The European regulator rejected the original merger plan, claiming that the merger could reduce competition for cargo and passenger transport services between Europe and South Korea.

https://n.news.naver.com/mnews/article/044/0000250596?sid=104

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