EU needs more time to investigate Korean Air-Asiana merger

The Korean Air-Asiana Airline acquisition has hit another snag as a recent report suggests that European Union (EU) plans to probe the deal a little further. The EU is planning to will start a four-month-long investigation into the proposed merger of Korean Air with Asiana Airlines, Reuters reports. The EU antitrust regulators were supposed to take a decision by February 17, 2023. Now as per the report, a full-scale investigation will be launched and will focus primarily on four key routes to Barcelona, Frankfurt, Rome, and Paris for both passenger and cargo flights. According to sources cited in the report, Korean Air