SEOUL :South Korean budget airline Air Incheon is the preferred bidder to buy Asiana Airlines' cargo business, Korean Air said on Monday, paving the way for a final go-ahead from the EU competition regulator of a Korean Air-Asiana merger.
FILE PHOTO: The logo of Korean Airlines is seen at its aviation shed in Incheon, South Korea, February 27, 2017. REUTERS/Kim Hong-Ji/ File PhotoSEOUL :South Korean budget airline Air Incheon is the preferred bidder to buy Asiana Airlines' cargo business, Korean Air said on Monday, paving the way for a final go-ahead from the EU competition regulator of a Korean Air-Asiana merger.
Air Incheon has priority in negotiations until July 15, Korean Air said in a regulatory filing on Monday. Asiana operates 11 Boeing 767 and Boeing 747 cargo planes on 21 routes to 25 cities in 12 countries, including the United States, Germany, Italy, Belgium and Britain.
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