Korean Air has made a US$1.62 billion bid to acquire rival Asiana as a means of restructuring and consolidating the South Korean market.
This, Korean Air says, is to “stabilise the Korean aviation industry” by “enhancing its competitiveness”.
After all, having two major full-service airlines gives the country “a competitive disadvantage compared to countries like Germany, France and Singapore with a single major airline”.
Is this a sensible and rational decision? Vote at the end of the article.
Korean Air ended 2019 with almost 34.4...