South Korea's largest airline Korean Air will create one large low-cost carrier under its existing Jin Air brand after its merger with smaller rival Asiana Airlines .

EU approves Korean Air-Asiana Airlines merger Planes belonging to Korean Air Co. and its local rival Asiana Airlines Inc. are seen at Incheon International Airport, west of Seoul, on Nov. 29, 2024. The day before,

Korean Air received the green light after fulfilling EU conditions. It gained approval from 13 out of 14 countries, except for a pending review by the United States. The U.S. Department of Justice typically considers legal action only if concerned about a merger’s potential monopoly.

Korean Air Co. said Thursday that the European Union has given a final approval of its merger deal with local rival Asiana Airlines Inc. According to Korean Air, the European Commission (EC), the executive body of the EU,