All Korean Air articles – Page 3
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NewsKorean Air president sees substantial recovery from 2022
Korean Air believes the strong performance in its cargo business will slow the second half of 2021, with passenger flights resuming and bellyhold capacity re-entering the market.
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NewsKorean Air floats 2024 for finalisation of Asiana acquisition
Korean Air estimates that “all aspects” of its acquisition of Asiana Airlines will be finalised by 2024, as the flag carrier has “readjusted” its timeline for international regulatory approvals.
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NewsSouth Korea grounds PW4000-powered 777s
South Korea has temporarily banned all operations of Pratt & Whitney PW4000-powered Boeing 777 aircraft within its airspace.
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In depthAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsKorean Air to present Asiana ‘integration plan’ in March
Korean Air will prepare an “integration plan” by March relating to its acquisition of embattled rival Asiana Airlines, as it vows not to cut any jobs following the consolidation of the two carriers.
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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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NewsKorean 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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AnalysisIs 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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NewsKorean 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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NewsKumho’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 depthKorean 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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NewsKorean 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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NewsKorean 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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NewsKorean 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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NewsWeak 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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NewsKorean 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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NewsInquiry 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.