All Korean Air articles – Page 3
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NewsCourt dismisses injunction to block Korean Air’s Asiana acquisition
Korean Air’s multi-billion dollar bid to take over rival Asiana Airlines cleared a critical legal hurdle, after a Seoul district court dismissed an attempt to block the acquisition.
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News
Korean Air-Asiana consolidation faces regulatory, legal hurdles
Korean Air’s proposed acquisition of rival Asiana Airlines could require the green light from regulators in at least four countries, adding to a growing list of hurdles which includes an ongoing legal battle to block the deal.
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Analysis
Is Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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News
Korean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
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News
Kumho’s effort to sell Asiana stake collapses
A deal that would have seen HDC Hyundai Development (HDC) obtain control of Asiana Airlines has fallen through. Kumho Industrial, which owns a controlling stake in the carrier, informed the airline’s main creditor, Korea Development Bank (KDB), of the deal’s collapse, according to a report by the official Yonhap ...
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In depth
Korean doubles down on cargo amid challenging passenger market
Korean Air’s second quarter operating profit on the back of strong cargo performance offered a dash of positive news to a sector reeling from the coronavirus pandemic.
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News
Korean Air utilises passenger aircraft and routes for cargo
Korean Air is using passenger aircraft as freighters on suspended routes, as it seeks “new opportunities in the market amid unpredictable changes such as suspensions of flights and the US’ restrictions on European countries”. On 13 March, the flag carrier transported emergency supplies and agricultural products from South ...
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News
Korean Air flight attendant tests positive for coronavirus
A Korean Air flight attendant has emerged as the first instance of a cabin crew member testing positive for the coronavirus since it first broke out of the Wuhan city epicentre in January. Citing information from the Korea Centers for Disease Control and Prevention (KCDC), the carrier states that ...
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News
Korean Air picks PW1100G to power future A321neo fleet
Korean Air has selected Pratt Whitney PW1100G engines to power its fleet of up to 50 Airbus A321neos, the first of which is scheduled for delivery next year. The SkyTeam carrier is also in talks with the engine maker to become part of the geared turbofan’s maintenance ...
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News
Weak cargo halves Korean Air’s full-year profit
Korean Air’s full-year operating profit declined by 56.4% due to a sharp decline in cargo revenues, against a weak economic backdrop. Operating revenues were down by 2.8% to W12.3 trillion ($10.4 billion), dragged lower by a 15% decline in cargo revenues. This was partially offset by a marginal increase ...
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News
Korean Air offloads non-core assets and pledges transparency
Korean Air is selling non-core assets in a bid to “improve its financial position and increase its corporate transparency”. This includes real estate in downtown Seoul and a 100% owned leisure company that operates a resort in Incheon, just outside Seoul. Plans for the assets in question ...
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News
Inquiry notes hold-short ambiguity after 777-A330 taxiing collision
German investigators have highlighted ambiguity in the regulations for stopping at holding points, after a waiting Korean Air Boeing 777-300ER was struck and badly damaged at Frankfurt by a taxiing Air Namibia Airbus A330-200. The 777-300ER (HL7204), with 261 occupants, had arrived from Seoul on 16 November last year ...
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News
South Korea completes 737NG ‘pickle fork’ inspections
South Korean authorities have completed structural crack inspections of all of the country s 150 Boeing 737NGs.
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News
South Korea signs open-skies agreements with Singapore and Brunei
South Korea has signed an open-skies agreement with Brunei Darussalam and Singapore, allowing an unlimited number of flights to be operated between the respective countries.
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News
Jin Air’s 737NG with cracks repaired and returned to service
The first of Jin Air’s three Boeing 737NGs found with “pickle fork” cracks returned to service this week.
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News
Geopolitical issues lower Korean Air’s third-quarter profit
Korean Air’s third-quarter operating profit declined by 70%, as revenues were hampered by geopolitical issues.
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Opinion
K-pop safety video signals change at Korean Air
Korean Air is showing off some new K-pop moves in its new safety video and wants its customers to sit up and pay attention.
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News
A220 operators told to limit engine thrust at high altitude
Operators of Airbus A220s are facing operational limitations of the twinjet's engines, following several serious incidents involving powerplant failure.
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News
Boeing inks digital service, training deals with Korean carriers
Boeing’s services business has renewed its partnership with Korean Air and its affiliate Jin Air in the areas of pilot training and digital solutions.
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News
ADEX: Seoul seeks big ISTAR, AEW&C boost
The 2020s will see the Republic of Korea Air Force (ROKAF) obtain new aircraft for three emergent requirements.
