Korean Air and its joint venture with US carrier Delta has received a regulatory approval from the US government, the company said Sunday, November 19.
Korean Air and Delta are now waiting for an approval from the Ministry of Land, Infrastructure, and Transport in Korea, it added.
If approved by the Korean transport ministry, Korean Air and Delta will accelerate implementing services to increase their footing in the trans-Pacific market.
Under the joint-venture agreement, the two air carriers will build a network serving more than 290 destinations in the Americas and more than 80 in Asia, according to a release from Delta.
Korean Air and Delta are also expected to share costs and revenues from flights and increase belly cargo cooperation across the trans-Pacific, according to the company.
The joint-venture agreement will also allow the two air carriers to rearrange and share services at Incheon International Airport‘s new passenger Terminal 2, which will house Korean Air, Delta and other SkyTeam airlines, Korean Air added.
Full Content: KTUU
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
College Sports Leaders in Intensive Talks to Settle NIL Antitrust Case Against NCAA
Apr 30, 2024 by
CPI
EU Investigates Facebook’s and Instagram’s Handling of Disinformation Ahead of Elections
Apr 30, 2024 by
CPI
Antitrust Lawsuit Targets Hotel Giants for Alleged Price Fixing with AI
Apr 30, 2024 by
CPI
ABA Seeks to Join FTC Lawsuit Against Amazon Over Antitrust Concerns
Apr 30, 2024 by
CPI
Google Agrees to Pay News Corp for AI-Related Content
Apr 30, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI