Korean Air-Asiana Merger to Force Sale of Three Low-Cost Carriers
Korean Air's planned acquisition of its rival, Asiana Airlines, is poised to significantly restructure South Korea's low-cost carrier (LCC) market. To satisfy anti-trust concerns and gain regulatory approval, the merged entity will be required to sell its LCC subsidiaries. This divestment includes Jin Air, Air Busan, and Air Seoul. The sale is expected to attract bids from other major players like Jeju Air and T’way Air. This could potentially lead to the consolidation of the LCCs and the creation of a new, dominant budget airline in the region.
Official Source: https://www.thelec.net/news/articleView.html?idxno=12777