Korean Air Asiana Airlines merger inches closer to UK approval

Korean Air’s acquisition of Asiana Airlines is a step closer as the UK government shows signs of warming up to the proposed acquisition. The Competition Markets Authority (CMA) said that it considers there are reasonable grounds for believing that undertakings offered by Korean Air Lines might be accepted by the CMA. However, this does not mean that the CMA will approve the merger. The final approval will come after detailed deliberation by the CMA which is only expected next year. Korean Air Lines is currently waiting for approval from five jurisdictions, including the European Union, the United States, China, and