Jurisdiction(s):
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EU competition law: Korean Air/Asiana cleared with remedies; Apple/Microsoft services not DMA gatekeepers; additional merger clearances; Øresund state aid decision; key dates — 13 February 2024

Published on: 14 February 2024

Published by a LexisNexis Competition expert

Legal News

Article summary

Mergers Korean Air Lines/Asiana Airlines merger conditionally cleared after phase II

The Commission has conditionally approved the acquisition of Asiana Airlines (Asiana) by Korean Airlines Co., Ld (Korean Air) following a phase II investigation (M.10149). Both airlines offer international passenger and air cargo services. The Commission was concerned the deal could restrict competition in two areas of concern:

air freight transport between Europe and South Korea;
passenger air services on routes linking Seoul with certain European destinations, notably Barcelona, Paris, Frankfurt and Rome.

It found that Korean Air and Asiana compete directly in carrying cargo and passengers between the EEA and South Korea. Together, they would have been by far the biggest operator on these routes, removing a significant alternative supplier for customers. Rivals face regulatory and other barriers to expanding their services and would have been unlikely to exert enough pressure on the merged entity. These findings underpinned the Commission’s conditional clearance after its phase II review...

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