(09 Feb 2022)
Korean Air received unconditional approval from
the Competition and Consumer Commission of Singapore (CCCS) for
its business combination with Asiana Airlines on Tuesday, 8
February 2022.
Following its assessment, the CCCS has concluded
that Korean Air’s acquisition of Asiana Airlines will not infringe
Singapore’s Competition Act.
Singapore’s competition authority conducted a
public consultation in July last year to seek feedback from more
than 150 stakeholders, including aviation regulatory bodies,
competitors and customers, on Korean Air’s business combination
report.
The CCCS found that…