The European Commission has approved the merger of Korean Air and Asiana Airlines, Korean Air announced Tuesday. The carrier has secured the approval from 13 of the 14 regulatory authorities required. The remaining entity is the United States.
The EC clearance for the merger is conditional and subject to Korean Air’s compliance with agreed-upon commitments, including divestment of Asiana Airlines’ cargo freighter business and “support to ensure the entry by a new airline on the four overlapping passenger routes between [South] Korea and the European Union,” according to Korean Air.
Japan in late January was the most recent entity to approve the merger.
