UK regulatory body approves Korean Air-Asiana Airlines merger

Another hurdle is out of the way from the Korean Air-Asiana Airlines merger with the United Kingdom’s Competition and Markets Authority (CMA) approval. The proposed merger is awaiting approvals from the European Union, Japan, and the United States. Just last month the UK’s regulatory body asked for more time to consider the potential merger raising concerns over reduced competition. Currently, Asiana Airlines and Korean Air were the only two airline operating direct London-Seoul route. The CMA had previously noted that it could accept the merger under reasonable circumstances. The CMA has approved of the merger under the condition that Virgin