Antitrust Antitrust

Comment: Korean Air, Asiana likely to face headwinds over failing-firm defense argument amid pandemic

By Wooyoung Lee and Jenny Lee
  • 01 Apr 2021 23:18
  • 01 Apr 2021 23:18

Korean Air is likely to use a failing-firm defense in its takeover of Asiana Airlines amid mounting financial losses from the Covid-19 pandemic, in addition to longstanding financial troubles at Asiana. Last year’s bid by Jeju Air to acquire Eastar Jet, which gained approval based on a failing-firm defense, also raises hopes

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