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South Korea's Sono Hospitality gains control of T'way Air after KFTC approval

By Jenny Lee ( June 11, 2025, 04:18 GMT | Insight) -- South Korea's Sono Hospitality Group has secured approval from the country’s competition regulator to take control of budget carrier T’way Air, completing a months-long acquisition process that will see the resort operator emerge as the airline’s largest shareholder with management control. The Korea Fair Trade Commission granted approval yesterday for the consolidation, following a review of potential competition concerns, MLex was told.South Korea's Sono Hospitality Group has secured approval from the country’s competition regulator to take control of budget carrier T’way Air, completing a months-long acquisition process that will see the resort operator emerge as the airline’s largest shareholder with management control....

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