Korean Air/Asiana Airlines
The European Commission and Japan Fair Trade Commission (JFTC) have approved the proposed acquisition of Asiana Airlines Inc. (Asiana) by Korean Air, subject to full compliance with the Commitments offered by Korean Air and Asiana.
Forvis Mazars LLP has been appointed as Monitoring Trustee for the purpose of monitoring the implementation of the Passenger Commitments offered by Korean Air to the European Commission, and Cargo Commitments offered by Korean Air and Asiana to both the European Commission and the JFTC.
Pursuant to the Cargo Commitments, Korean Air and Asiana have undertaken to divest Asiana’s global air freighter cargo business, excluding Asiana’s belly space cargo business. Further details with respect to the Commitments offered to the European Commission and the European Commission’s decision can be accessed here, and the JFTC case page can be accessed here.
Third parties wishing to obtain further information in relation to the implementation of the Commitments may contact Justin Menezes, Partner (justin.menezes@mazars.com), with a copy to mazars.marina@mazars.com.
Our dedicated Monitoring Trustee team advises on state aid, merger control and antitrust cases globally. Our experts deal with competition authorities and apply competition law and economics drawing on their depth of experience as both regulators and advisers. We have acted as monitoring trustee in 100+ cases involving the implementation of virtually every type of structural and behavioural remedy.
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