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Korean Air has met all the conditions set by the European Union competition authority for its merger with Asiana Airlines. The European Commission (EC) confirmed on November 28 that it had concluded its review after verifying Korean Air's compliance with the necessary requirements.
The EC granted conditional approval in February 2024, contingent upon two main conditions: ensuring stable operations of a remedy carrier on four overlapping European routes—Barcelona, Frankfurt, Paris, and Rome—and the divestiture of Asiana's freighter business.
Korean Air has chosen T'way Air as the remedy carrier for these European routes. They have committed to providing operational support, including aircraft, flight crew, and maintenance services. A remedy carrier in an airline merger is given non-discriminatory access to a merging airline's content through indirect distribution channels. This enables consumers to compare offers from merging airlines with those of competitors, potentially benefiting smaller carriers.
