The Korean Herald reported on Thursday, March 22, that the South Korean Ministry of Land, Infrastructure and Transport recently received conditional approval from the Korean Fair Trade Commission (KFTC) over the establishment of Korea Air and Delta’s joint venture.
The KFTC reportedly voiced concern over the Korea-US joint venture’s monopoly of flight routes, but gave a positive view overall.
In March of 2017, Korean Air and Delta signed a memorandum of understanding for the establishment of the joint venture. After applying for approval in July, the companies received approval from the US Department of Transportation in November.
“Following the approval, the Korean Air-Delta joint venture will be able to provide both airlines with expanded offerings and alternatives to customers,” said a Korean Air official, adding that both companies are doing simulations of flight schedules and route adjustments.
Full Content: CH Aviation
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
