Summary:
Korean Air is working through the regulatory steps required for Asiana deal
The most significant move towards consolidation has been Korean Air’s proposed takeover of Asiana. There are still a number of regulatory steps required, but when completed this is expected to make Korean Air one of the top-10 largest airlines in the world.
Asiana was struggling financially, even before COVID-19 emerged. Hyundai Development Corp had agreed to buy Asiana, but the deal collapsed after the…