November 29, 2022 13:28
The British government is inching closer to approving the takeover of Asiana Airlines by Korean Air.
The U.K.'s anti-trust agency, the Competition and Markets Authority, said Monday it sees grounds to accept a revised proposal by Korean Air.
Earlier this month, the CMA postponed its decision, citing concerns that the takeover could lead to higher ticket prices for flights between London and Seoul. The latest comments suggest it is willing to accept the deal with some tweaks.
Korean Air said that is a "positive sign" and pledged to continue "cooperating diligently" to ensure that the review can be completed soon.
The U.S., EU, Japan and China are also reviewing the merger. The takeover would fall through if any of them disapprove.
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