DALLAS – The merger between Korean Air (KE) and Asiana Airlines (OZ) has been delayed once again by the United States Department of Justice (DOJ).
The DOJ had said in August, when the formal review process began, that a decision should take around 75 days. KE has noted that the DOJ isn’t postponing the decision, as it never set an official deadline to announce approval.
The merger would see KE take a 63.88% stake in OZ. The Korean Air brand would survive, with the combined…