South Korean company Jin Air wins case by overturning $ 5.1 million fine
Watchdog could approve Korea Air-Asiana deal, with conditions
18.10.2021 – 01:14 UTC
The South Korean Fair Trade Commission is expected to approve the proposed merger between Asiana Airlines (OZ, Seoul Incheon) and Korean Air (KE, Seoul Incheon), unnamed sources told the Korean version of the Korea Herald newspaper on October 14. so much because some of the exclusive routes of the two companies are redistributed to foreign airlines or to unaffiliated local low cost carriers.
The comments emerged despite Korea’s fair trade chief Joh Sung-wook questioning the deal earlier this month at a parliamentary hearing, citing serious monopoly issues.
However, according to industry insiders, it will be difficult for the antitrust regulator to make judgments regarding competition in this particular case, as the proposed business combination is between the country’s two largest players. Monopoly and oligopoly issues will inevitably arise, no matter how the merger is analyzed.
Either way, some measures will need to be implemented before the deal can be ratified, such as handing over some routes to competing airlines, the sources said.
Long-haul routes to Europe and the Americas would be redistributed …
Korean Air and Asiana merger could hurt competition – regulator
07.10.2021 – 01:50 UTC
Korea’s fair trade chief Joh Sung-wook questioned the proposed merger between Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon), suggesting that there are serious problems with monopoly and a solution to these problems must be found or the deal could fail, local media reported.
During an annual parliamentary review of the work of the Fair Trade Commission on October 5, Joh warned that a combination of the country’s two largest airline groups is likely to restrict competition, “so we need to look at it further. depth”.
She added: “We decided to start negotiating with them. The FTC will prepare an assessment report after listening to the FTC’s economic analysis and the opinions of witnesses and experts. If there is a restriction on competition, we will discuss what steps can be taken to alleviate it. “
She said the antitrust regulator’s review of the merger would be completed by the end of this year at the latest, given the deal’s importance to the economy.
PW4000-powered B777-200s likely won’t fly until 2022 – media
01.09.2021 – 11:35 UTC
The U.S. Federal Aviation Administration (FAA) is unlikely to recertify Pratt & Whitney PW4000-powered B777s for commercial operations until early 2022, the Wall Street Journal reported.
Although the FAA will not comment on the work in progress, it is expected to conclude its investigation into a February 2020 incident in a few weeks. Since an engine blade failure caused an uncontained engine failure and fire while climbing a B777-200 from Denver Int’l, the governor will likely place additional requirements on the powertrains, this which could result in both a revised inspection routine and physical modifications to the engine covers. However, implementing the changes is expected to take longer than expected.
“We are working closely with the FAA, our customers and Pratt & Whitney to safely return B777 aircraft equipped with PW4000-112 engines to service. We have identified design changes and are working to finalize them, including a solid certification effort, ”Boeing told Reuters. in a report.
The current grounding is a particular nuisance for United Airlines, the only operator of the B777-200 and B777-200 (ER) powered by PW4000 …