KFTC commences transfer of rights on 10 routes due to Korean Air-Asiana Airlines merger
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Background ✨
The European Commission and Japan Fair Trade Commission both required Korean Air to divest Asiana Airlines' global freight business and to transfer slots and traffic rights on overlapping routes as conditions for approving the Korean Air-Asiana merger, with assistance to rival airlines such as T'way Air to ensure continued competition on affected routes1 2 3. The UK Competition and Markets Authority also mandated slot transfers to Virgin Atlantic on the London route4.