Mavcom approves Korean Air-Asiana Airlines merger in Malaysia’s first competition-related merger case

KUALA LUMPUR (Sept 9): The Malaysian Aviation Commission (Mavcom) has approved the merger between Korean Air Lines Co Ltd and Asiana Airlines Inc.

As the merger involves air passenger services between South Korea and Malaysia, Korean Air Lines and Asiana Airlines submitted a voluntary notification and application of an anticipated merger to Mavcom on March 19.

The aviation regulator noted that the anticipated merger constitutes a “failing firm defence” merger.Read more