- Title:
Merger Update: Korean Air/Asiana Airlines - Time:
10:00:02 - Date:
1 Mar 2023 - Category:
Acquisitions and alliances - ID:
3941R
Acceptance of Undertakings in Lieu of Reference
The CMA has today accepted undertakings in lieu of reference to Phase 2 given by Korean Air Lines Co. Ltd under section 73 of the Enterprise Act 2002. The merger between Korean Air Lines Co. Ltd (Korean Air) and Asiana Airlines Inc. will therefore not be referred to Phase 2 and the undertakings which have been signed by Korean Air will come into effect from this date.
The text of this decision will be placed on the Competition and Markets Authority's website at https://www.gov.uk/cma-cases as soon as is reasonably practical.
In the event of media enquiries please email [email protected].
Merger Update: Korean Air/Asiana Airlines10:00:021 Mar 2023Acquisitions and alliances3941R