Korean Air successfully completed the first step of the corporate merger review, a gateway to its acquisition and merger of Asiana Airlines.
Korean Air said on Feb. 10 that it passed a corporate review on the acquisition of Asiana Airlines from the Turkish Competition Authority (TCA) as of February 4.
On January 14, Korean Air reported a business combination to a total of nine competing countries, including South Korea, the United States, EU, China, Japan, and Turkey.
Starting with the approval of the Turkish authorities, Korean Air expects eight other authorities to issue an approval for the corporate merger screening without any major problems.
Meanwhile, Korean Air is preparing to submit a report to countries subject to arbitrary reporting, including UK and Australia, and plans to submit a report as soon as possible to complete the relevant procedures, a Korean Air spokesman said.
