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Evaluating a Potential Legal Action Against Korean Air’s Proposed Purchase of Asiana – Politico

The U.S. Department of Justice is reportedly considering suing to block Korean Air’s planned acquisition of Asiana Airlines. The DOJ has been investigating the November 2020 deal for roughly two years, citing concerns that it will hurt competition on overlapping routes to the United States. The administration is also worried that the merger would place too much control of cargo transportation of key goods like microchips in the hands of one company. EU antitrust regulators have also expressed similar concerns. The deal, announced by Korean Air in late 2020, would see it become the biggest shareholder in indebted Asiana, the biggest shake-up in the country’s aviation industry in nearly three decades. No decision has been made on whether to bring a case.