Antitrust Approval From Japan

Korean Air Merger on the Horizon

Antitrust Approval from Japan

Korean Air has received antitrust approval from Japan's regulatory body for its proposed 18 trillion-won (US$14 billion) merger with Hanjin KAL. The approval marks a significant milestone in the merger process, which still requires approval from the European Union, the United States, and South Korea.

EU Investigation and Tway Air's Expansion

The European Commission has launched an in-depth investigation into the merger under the EU Merger Regulation. Meanwhile, Tway Air, a Korean low-cost carrier that is part of Hanjin KAL, is preparing to take over four European routes from Frankfurt, Germany, to various destinations.

The merger, if approved, would create a formidable player in the global aviation industry. Korean Air would become the sixth-largest airline in the world, with a combined fleet of over 500 aircraft and a presence in over 120 countries.