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Asiana Airlines board to meet again over merger with Korean Air

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SEOUL: Asiana Airlines said on Tuesday (Oct 31) it would reconvene a board meeting in early November to decide whether it should accept prospective buyer Korean Air's proposal that includes the sale of its cargo operations over EU antitrust concerns.

"A board meeting that is now in recess will resume in early November and make a final decision," Asiana said in a statement.

South Korea's biggest carrier Korean Air planned to submit corrective action plans to the European Commission by the end of October to gain European Union antitrust approval over a proposed takeover of its smaller rival Asiana, a source familiar with the matter told Reuters earlier this month, though that timing could slip.

Yonhap said that since Asiana's board had dragged out its decision, Korean Air's submission to the EC would be delayed. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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Asiana Airlines shares jump ahead of board meeting on merger with Korean AirSEOUL : Shares in South Korea's Asiana Airlines rose as much as 24 per cent on Monday, backed by expectations that a proposed merger with Korean Air Lines would proceed as board members met to decide whether to sell off its cargo service.
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »

Asiana Airlines board to meet again on Thursday on sale of cargo business -YonhapSEOUL : Asiana Airlines plans to convene a board meeting again on Thursday, after it failed to decide in an earlier meeting whether to accept Korean Air's proposal to sell its cargo operations, Yonhap reported on Tuesday.
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