Watchdog Reviews Korean Air's Alleged Failure to Maintain Seat Capacity
5 Articles
5 Articles
Watchdog reviews Korean Air's alleged failure to maintain seat capacity
Korea's antitrust watchdog said Wednesday it has begun deliberations on allegations Korean Air Lines Co. failed to meet seat capacity requirements imposed as conditions for its takeover of Asiana Airlines Inc. The Fair Trade Commission (FTC) said its examiner's report recommended taking actions against Korean Air, its affiliate Jin Air and Asiana Airlines for providing fewer than 90 percent of the seats offered in 2019 on routes connecting the c…
The Fair Trade Commission (FTC) has initiated sanctions proceedings against Korean Air and Asiana Airlines, alleging that they violated the obligation to maintain seat capacity, which was one of the conditions for the merger approval. On the 30th, the FTC announced that it had sent a review report to Korean Air and Asiana Airlines, applying charges of violating Article 14 of the Fair Trade Act, which stipulates the government's obligation to imp…
(Sejong = Yonhap News) Reporter Kim Soo-hyun = Korean Air affiliates, including Korean Air, Jin Air [272450], and Asiana Airlines [020560], are seeking approval for the business combination ...
The Fair Trade Commission has commenced deliberations on allegations that three airlines, including Korean Air, violated the obligation to prohibit the reduction of available seats imposed as part of the corrective measures for the merger between Korean Air and Asiana Airlines. On the 30th, the KFTC Secretariat imposed enforcement fines on Korean Air, Asiana Airlines, and Jin Air for failing to comply with the corrective measures,
Korean Air, Jin Air, and Asiana Airlines are facing sanctions proceedings by the Fair Trade Commission (FTC) on charges of violating corrective measures imposed at the time of the approval of their mergers. Additionally, an FTC investigator presented an opinion regarding the relaxation of the obligation to maintain available seats on the Incheon/Busan-Guam routes, as requested by these airlines along with Air Busan and Air Seoul. (Photo = Yonhap…
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