The UK Competition and Markets Authority said Friday that it has started a formal investigation into Korean Air Lines’s $1.29 billion acquisition of Asiana Airlines Inc. to see if the deal will lead to a substantial lessening of competition within its markets.
The regulator has set a deadline of Nov. 14 for its Phase 1 decision. The airline said in November 2020 that it would buy ailing peer Asiana in a major pandemic-induced shakeup for South Korea’s aviation industry.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Delays Provisional Findings in Cloud Market Probe to January
Dec 4, 2024 by
CPI
EU Probes Nvidia Over Alleged Bundling Practices Amid Run:ai Acquisition Scrutiny
Dec 4, 2024 by
CPI
Supreme Court Asked to Weigh In on Major Rail Access Antitrust Case
Dec 4, 2024 by
CPI
Turkey Reconsiders Blocking Stellantis-Tofas Deal Amid New Discussions
Dec 4, 2024 by
CPI
NextEra Energy Faces Antitrust Lawsuit Over Alleged Efforts to Block Competitor’s Project
Dec 4, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead