Korean Air announced today that the Australian Consumer and Competition Commission (Accc) has given the green light to acquire Asiana Airlines.
Accc stressed that while Korean Air and Asiana are the only carriers to operate direct connections between Sydney and Seoul, Qantas and Jetstar will soon begin their services on the same route, enabling effective competition.
Korean Air hopes that the Australian Competition Authority’s green light will facilitate and speed up the remaining decision-making processes for approval of the merger. Since the airline submitted the merger reports to the nine countries involved on January 14, 2021, Korean Air has won approval from Korea, Turkey, Taiwan and Vietnam. The Competition Commission of Thailand stated that a report on the compilation of works was not necessary. Among the countries where the reporting is arbitrary, Korean Air has received a permit Also from Singapore and Malaysia. The Philippines emphasized that the business merger report was not necessary.
To complete the acquisition, Korean Air said it will “continue to work proactively with the remaining regulators where a report is required, including The United States, the European Union, China and Japan and the United kingdom“.
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