According to local media, Asiana Airlines, the second-largest airline in South Korea, is expected to sell on Friday. The consortium consists of Hyundai Development Co. and Mirae Asset Daewoo Co. After weeks of negotiations, Kumho Asiana Group agreed to sell a 31 percent stake in the airline for 2.5 trillion won ($2.1 billion). The package also included Air Busan and Air Seoul, Asiana’s low-cost subsidiaries. The beleaguered airline made a profit last year but recorded a loss of 524.14 billion…
As a result of a tragic accident in 2013, Asiana Airlines is being forced to suspend its daily service from Seoul to San Francisco for 45 days starting Mar. 3, 2020. On July 6, 2013, Asiana flight 214 attempted to land at San Francisco International Airport when the aircraft's tail…
The engine of an Asiana Airlines Airbus A380 caught on fire during refueling at Incheon International Airport in Seoul on Friday afternoon. The plane, HL7652, was about to carry out flight OZ 202 to Los Angeles International Airport (LAX). Travelers inside the terminal saw smoke and sparks coming from the…
Korean Air has announced major changes to its Japan flight schedule for the winter travel season. The Seoul-based carrier will be suspending and reducing some of its major routes to Japan from several of its hubs and focus cities in South Korea. While some will be temporarily suspended, others will…
Korean Air has announced major changes to its Japan flight schedule for the winter travel season. The Seoul-based carrier will be suspending and reducing some of its major routes to Japan from several of its hubs and focus cities in South Korea. While some will be temporarily suspended, others will…
Earlier this week Asiana Airlines surprised a good portion of the aviation community by announcing that they would no longer be offering a first class product. Overall Asiana only offers first class on three routes so it’s not that really that big of a deal. It’s not like Cathay Pacific…
South Korea-based Asiana has announced that it will stop offering first class service in September. Also, the beleaguered carrier will terminate service to the Indian city of New Delhi and the Russian city of Khabarovsk and Juschno-Sachalinsk in July. Earlier, their arch-rival, Korean Air, announced that they will also cancel…
While Honolulu may be a popular destination for many Americans to travel to every year, the success airlines have found flying west of the islands has created a large market to the Oceania and Asia market. As a result, heavy competition has ensued in the years following as carriers try…
While many western companies have seen the rise of corporate conglomerates since the 1990s, the South Korean market has had a long history of Korean conglomerates, which are locally called chaebols, dominating the market. As to be expected, the aviation industry is no stranger to chaebols, with the top three…
