SEOUL -Asiana Airlines said on Tuesday it would reconvene a board meeting in early November to decide whether it should accept a merger proposal from Korean Air that includes the sale of its cargo operations to remedy EU antitrust concerns.
Korean Air's acquisition plan still needs approval from the European Union, the United States and Japan. Korean Air, South Korea's biggest carrier, planned to submit a corrective action plan to the European Commission by the end of October to gain EU approval. That time line is no longer possible pending a decision by Asiana's board.
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