Regulatory

Asiana plans to divest cargo arm to secure KAL merger approval

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Asiana plans to divest cargo arm to secure KAL merger approval

Asiana Airlines has approved a plan to sell off its cargo business, which it hopes will clear the way for its merger with Korean Air.  Asiana said in a regulatory filing that its board had approved the sell-off plan. Korean Air has submitted its revised merger plan, including Asiana’s cargo unit ...

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