Follow & Visit Us: www.sobelnet.com Korean Air Proposes Sale of Asiana's Cargo Business and Routes to Satisfy EU Regulators - Sources BRUSSELS, Oct 17 (Reuters) – South Korea’s largest carrier, Korean Air Lines (003490.KS), is set to address EU antitrust concerns by offering to sell Asiana Airlines’ (020560.KS) air cargo business and divest routes to four EU cities as part of its acquisition strategy, according to two individuals familiar with the matter. In the context of ongoing consolidation in the airline sector, highlighted by Lufthansa (LHAG.DE) acquiring a 41% stake in Italy’s ITA Airways and IAG (ICAG.L) purchasing the remaining 80% of Spain’s Air Europa, regulatory authorities are demanding robust remedies beyond simple slot divestments. https://lnkd.in/d6fXrswt #KoreanAir #AsianaAirlines #EURegulations #AirlinesConsolidation #AntitrustConcerns
