{"id":168215,"date":"2024-02-13T21:52:53","date_gmt":"2024-02-13T20:52:53","guid":{"rendered":"https:\/\/www.voyages-d-affaires.com\/?p=168215"},"modified":"2024-12-27T14:10:17","modified_gmt":"2024-12-27T13:10:17","slug":"asiana-korean-airlines-merger","status":"publish","type":"post","link":"https:\/\/www.voyages-d-affaires.com\/en\/asiana-korean-airlines-merger","title":{"rendered":"Japan and the European Union give the green light to the Asiana\/Korean Airlines merger"},"content":{"rendered":"

La On 13 February, the European Commission announced its agreement to the merger of Korean Air<\/a> and Asiana Airlines<\/strong>.<\/p>\n\n\n\n

This decision follows that of the Japan Fair Trade Commission (JFTC) on 31 January this year<\/strong>. The latter approved the integration of Asiana into Korean Air on condition that competition was preserved.<\/p>\n\n\n\n

The JFTC estimated that there would be monopoly<\/strong> the Korean Air\/Asiana group and its low-cost subsidiaries (Air Busan, Air Seoul and Jin Air) on 7 lines<\/strong>. Korean Air has confirmed that it will sell some of its slots from Seoul to Fukuoka, Nagoya, Osaka and Sapporo and from Pusan to Fukuoka, Osaka and Sapporo.<\/strong>.<\/p>\n\n\n\n

T'way Air to replace Asiana in Paris<\/h2>\n\n\n\n

14 authorities had to approve the merger<\/a>. The 13th to do so is the European Commission. Here again, Korean Air undertakes to help set up a new Korean carrier to compete with it<\/strong>.<\/p>\n\n\n\n

The carrier will support the launch by Korean carrier T'way Air of routes from Seoul to Barcelona, Frankfurt, Paris and Rome.<\/strong>. The new carrier is due to inaugurate some of its new routes in the second half of 2024. By 2022, passenger numbers on the France-Korea route will have risen to 320,000.<\/strong>. A fall of 53.5% compared with 2019...<\/p>\n\n\n\n

Korean Air has also announced that it will suspend all cargo activities operated by Asiana in Europe.<\/p>\n\n\n\n

All that remains now is to convince the American authorities<\/strong><\/strong> the merits of the merger<\/strong>. The Korea\/USA route is the last major market for Korean Air and Asiana. But the green light from the American authorities could be a long time coming. For one thing, the Biden administration has so far been rather hostile to mergers<\/strong> in air transport. But the US elections are just around the corner!<\/p>\n\n\n\n