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Korean Air's Asiana Airlines acquisition receives Australian regulator's green light

By Laurel Henning ( September 1, 2022, 01:03 GMT | Insight) -- Korean Air’s $1.3 billion acquisition of rival Asiana Airlines will go unopposed by Australia’s competition regulator after an almost nine-month public review of the deal. In a statement today, the Australian Competition & Consumer Commission said plans by Australia’s national carrier Qantas and its budget airline Jetstar to serve the Sydney-to-Seoul route ease any competition concern.Korean Air’s 1.8 trillion won ($1.3 billion today) acquisition of rival Asiana Airlines won’t be opposed by Australia’s competition regulator after an almost nine-month public review of the deal....

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