Watch onSEOUL -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.
Asiana creditors, including state-run lender Korea Development Bank, have been looking for a new owner of the debt-laden carrier for several years. Local rival Korean Air agreed to acquire Asiana in 2020 during the COVID-19 pandemic. "The board meeting that is now in recess will resume in early November and make a final decision," Asiana said in a statement.