Korean Air and its joint venture with US carrier Delta has received a regulatory approval from the US government, the company said Sunday, November 19.
Korean Air and Delta are now waiting for an approval from the Ministry of Land, Infrastructure, and Transport in Korea, it added.
If approved by the Korean transport ministry, Korean Air and Delta will accelerate implementing services to increase their footing in the trans-Pacific market.
Under the joint-venture agreement, the two air carriers will build a network serving more than 290 destinations in the Americas and more than 80 in Asia, according to a release from Delta.
Korean Air and Delta are also expected to share costs and revenues from flights and increase belly cargo cooperation across the trans-Pacific, according to the company.
The joint-venture agreement will also allow the two air carriers to rearrange and share services at Incheon International Airport‘s new passenger Terminal 2, which will house Korean Air, Delta and other SkyTeam airlines, Korean Air added.
Full Content: KTUU
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI