Common Contracts

ACQUISITION BY KOREAN AIR OF ASIANA

December 8th, 2022

• Filed
  December 8th, 2022

London-Seoul City Pair by the Proposed Remedy Taker, on terms approved by the CMA. The Framework Agreement is conditional on formal CMA approval of the Proposed Remedy Taker and acceptance by the CMA of these undertakings. The Framework Agreement includes an undertaking that the Proposed Remedy Taker has the financial resources, expertise (including the managerial, operational and technical capability), incentive and intention to maintain and develop services on the Relevant Routes in competition with Korean Air and other competitors on the Relevant Routes. The Framework Agreement includes a commitment by the Proposed Remedy Taker to use reasonable endeavours to operate a Competitive Air Service at up to a daily frequency on the London-Seoul City Pair by the Target Entry Date. For the avoidance of doubt, all agreements referred to in paragraph 3.2 below, to the extent required by the Proposed Remedy Taker, will be on terms approved by the CMA;