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Singapore competition commission approves Korean Air-Asiana Airlines integration
February 10th 2022
Singapore's competition commission has given the proposed merger of Korean Air (KAL) and Asiana Airlines the green light. Read More » The Competition and Consumer Commission of Singapore (CCCS) said the tie-up would not infringe competition laws in the country. "CCCS found it is likely the merged entity will continue to face a high degree of competition from Singapore Airlines," the regulator said. "Further, the entry and potential entry of new players will constrain the merged entity’s ability to raise prices and disrupt any coordination between market players in terms of price or sales terms." KAL announced its proposal to merge with its rival in November 2020. Subsequently, it said it hoped to complete the union of South Korea's two largest airline groups by 2024. Completion of the deal requires regulatory approval from a number of jurisdictions.
