Asiana okays sale of cargo unit, removing a hurdle to Korean Air merger

Capt. John

SOUTH Korea’s Asiana Airlines says its board has approved the sale of the company’s cargo business – an important step towards allaying EU competition concerns about a proposed takeover by Korean Air Lines, according to Reuters, Korean Air, the country’s biggest carrier, said in a statement following the decision that it had submitted a package of remedies to the European Commission – remedies that also include it divesting routes to some European Union cities. Analysts said, however, that...

https://www.seanews.com.tr/asiana-okays-sale-of-cargo-unit-removing-a-hurdle-to-korean-air-merger/198803/

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