THE us has reportedly approved Korean Air's takeover of Asiana Airlines, meaning the acquisition has now cleared its last regulatory hurdle.
South Korea-based Maeil Business Newspaper said that according to industry sources, the US Department of Justice (DOJ) gave the green light for the acquisition on December 2, according to London's Air Cargo news.
'In the case of the US Department of Justice review, the results are not announced separately,' said the publication. 'It has been reported that the Department of Justice has stated its position that if it does not file a monopoly lawsuit, it will be considered approval, and that it has decided not to file a lawsuit.'
The US government department apparently did not specifically mention the sale of Asiana's cargo business to Air Incheon to enable Korean Air to meet conditions for acquiring Asiana, and so it remains unclear if this has been or is being addressed within the same approvals process or separately.
At the end of November, the European Commission confirmed that it had approved the sale of Asiana's cargo business to Air Incheon.
SeaNews Turkey
South Korea-based Maeil Business Newspaper said that according to industry sources, the US Department of Justice (DOJ) gave the green light for the acquisition on December 2, according to London's Air Cargo news.
'In the case of the US Department of Justice review, the results are not announced separately,' said the publication. 'It has been reported that the Department of Justice has stated its position that if it does not file a monopoly lawsuit, it will be considered approval, and that it has decided not to file a lawsuit.'
The US government department apparently did not specifically mention the sale of Asiana's cargo business to Air Incheon to enable Korean Air to meet conditions for acquiring Asiana, and so it remains unclear if this has been or is being addressed within the same approvals process or separately.
At the end of November, the European Commission confirmed that it had approved the sale of Asiana's cargo business to Air Incheon.
SeaNews Turkey
