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Korean Air obtains EU antitrust approval of acquisition of Asiana Airlines

February 2024

Client(s) Korean Air Lines Co., Ltd

Jones Day advised Korean Air Lines Co., Ltd in securing EU merger control clearance following the European Commission's in-depth investigation of its landmark acquisition of Asiana Airlines, Inc., bringing together the two largest airlines in South Korea.

The transaction was cleared subject to novel commitments that depart from ordinary slot remedies. Following several aborted airline mergers opposed by the European Commission, this case is anticipated to serve as a significant precedent for future aviation cases.

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