Merger Update: Korean Air / Asiana Airlines

CMA to look at the undertakings offer from Korean Air Co., Ltd., in detail.

Anticipated acquisition of Asiana Airlines Inc. by Korean Air Co., Ltd. 

On 14 November 2022, the CMA announced that it is or may be the case that the above Merger has resulted or may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.

On 21 November 2022, Korean Air offered undertakings to the CMA. The CMA has considered the undertakings offered and today announced that it considers that there are reasonable grounds for believing that the undertaking offered, or a modified version of it, might be accepted by the CMA to remedy the substantial lessening of competition identified by the CMA.

The CMA now has until 26 January 2023 to decide whether to accept the undertaking, with the possibility to extend this timeframe to 23 March 2023 if it considers there are special reasons for doing so.

The text of this decision will be placed on the Competition and Market Authority's web site at https://www.gov.uk/cma-cases as soon as is reasonably practical.

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