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Asiana Airlines to divest cargo unit as it seeks approval for merger with Korean Air
November 6th 2023
Asiana Airlines said its board of directors will offload the company's cargo business to help secure regulatory approval for its proposed merger with Korean Air (KAL). Read More » Divestment of Asiana's cargo business has been raised by aviation regulators in a number of jurisdictions when scrutinising the planned integration of the two carriers. The Star Alliance member's cargo operations have about 20% market share in South Korea, flown by 747-400Fs (both factory built and passenger conversion varieties) and 767-300Fs. In May, the European Commission (EC) handed down its preliminary view that the planned Asiana-KAL consolidation may reduce competition on passenger routes from South Korea to France, Germany, Italy and Spain and also on cargo flights between all of Europe and South Korea.
