Tag: KOREANAIR

EU warns Korean Air’s Asiana bid could limit competition

BRUSSELS, May 17, 2023 (AFP) – The EU said on Wednesday it feared the takeover by South Korean flag-carrier Korean Air of smaller troubled rival airline Asiana could restrict competition on routes between Europe and South Korea. Korean Air in late 2020 said it would buy out Asiana for $1.6 billion at the time as the coronavirus pandemic wreaked havoc on the worldwide aviation industry, grounding planes. The European Commission, the bloc’s powerful anti-trust authority, […]