FlyerTalk Forums - View Single Post - Korean Air Seeks to Buy Asiana (Recent News Article)
Old Nov 17, 2020, 11:53 pm
  #33  
Gasolin
 
Join Date: Nov 2013
Location: NYC
Programs: OZ Diamond *A Gold / Delta Gold
Posts: 775
Originally Posted by DownUnderFlyer
For me this doesn't sound like a merger but just as an outright takeover of OZ by KE. I might be wrong but KE is significantly larger so this is not a merger of equals.
It's a political merger, so it doesn't really matter. If KE wanted to absorb OZ, they would try to see if OZ goes bankrupt or not. Right now, this is being pushed forward by the authorities so there is not much they can do about it. There are some conditions they will have to follow which will have to make the merger acceptable, and probably look "fair". How this all gets executed is a whole different matter.
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