Korean Air is one of the very few airlines in the world still flying the Boeing 747 jumbo jet, despite many other carriers ditching it during the pandemic.
25.08.2023 - 14:09 / skift.com / European Commission / Airlines
EU antitrust regulators warned on Friday a bid by South Korea’s biggest carrier, Korean Air Lines, for second-place Asiana Airlines could hurt competition, as they opened a full-scale investigation of the deal.
Korean Air would become the top shareholder of indebted Asiana under the proposed acquisition, announced in late 2020, marking one of the first major deals in the aviation industry since the COVID-19 pandemic.
The European Commission said the deal could affect passenger and air cargo transport services between Europe and South Korea as the two airlines are strong and close competitors, confirming a Reuters story last week.
“The transaction could reduce competition in the provision of passenger transport services on four routes between South Korea and the EEA (European Economic Area),” the European Union competition enforcer said in a statement.
Sources have told Reuters the four routes are to Barcelona, Frankfurt, Paris and Rome.
“Korean Air is confident that our merger will benefit our customers in the market, and will continue to communicate with the European Commission and submit our remedies to address their concerns,” the airline said in a statement on Saturday.
The EU watchdog will decide by July 5 whether to clear or block the deal. The deadline can be extended depending on whether the companies offer remedies to address the EU concerns.
Korean Air is one of the very few airlines in the world still flying the Boeing 747 jumbo jet, despite many other carriers ditching it during the pandemic.
It will soon be able to fly from the City of Angels to the City of Light. Norse Atlantic Airways, a discount air carrier based in Norway, just announced a new direct route from Los Angeles to Paris starting next year. The flight will begin service on May 1 and operate six times a week, just in time for next year’s summer travel season.
Air Canada is expanding its international flying schedule for the summer of 2024, especially to destinations across Europe, including a new year-round route between Montreal and Madrid.
The European Commission is set to block Booking Holdings’ $1.8 billion deal to acquire Sweden’s eTraveli Group, a critically important transaction that’s been in limbo for nearly two years.
Once associated with cheap package deals and a hedonistic party scene, recent steps have pivoted Mallorca into a luxury destination with an emphasis on cultural and sustainable travel. Late nights in Magaluf are slipping out of fashion in favor of catching the sunrise over UNESCO-listed mountains. Horseback wine tours, vintage train journeys, and sea kayaking excursions offer a far more memorable experience than the booze cruises that once orbited the island’s coastline. Venturing beyond the high-rise resorts, rural and oceanside Airbnbs in Mallorca, Spain, bring tourists even closer to the raw beauty of the Mediterranean island.
When I planned my two-week backpacking trip through six European cities across four countries in October 2022, the last thing I expected was to be blown away by my budget bookings.
Copenhagen becomes Ryanair’s 2nd Danish base in addition to Billund. Ryanair’s winter ’23 schedule to/from Copenhagen offers 24 routes, with 4 exciting new destinations to Dusseldorf, Faro, Paris and Warsaw, and increased frequencies to Gdansk and Krakow.
During the initial phase of the project, development of real estate specific to the aviation sector will take place on the southern side of the runway. An investment of 30 million euros has already been allocated to this area, with the completion of the first structures targeted for 2025.
Nicosia, with a total of 47 points, ranked third among the best European cities for those looking for a more digital nomad lifestyle
Raluca Marian, the IRU Director of EU Advocacy, emphasized the necessity of an EU initiative to establish a well-functioning MDMS ticketing system.
Italy has suspended its golden visa programme for Russian and Belarusian citizens, the country’s Business Ministry has announced on its website.
Korean Air has donated 500 first aid pouches made from recycled crew uniforms to local causes.