The European Commission’s competition body is poised to approve a bid by Korean Air (KE, Seoul Incheon) to takeover indebted smaller rival Asiana Airlines (OZ, Seoul Incheon) after both carriers proposed significant concessions to ease competitive concerns.

Citing sources close to the matter, Reuters reports the European Commission (EC) will approve the takeover in mid-February, one of three outstanding approvals (the others being the US and Japanese) needed for Korean to acquire a 63.9% shareholding in Asiana and merge the two airlines….

Source: ch aviation
Read more: EC poised to approve Korean Air / Asiana merger