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An Asiana A380 in Seoul (Photo: AirlineGeeks | Ben Suskind)

Aviation-Centered Mergers and Acquisition in South Korea Slow to a Halt

With COVID-19 raging throughout the world, the aviation industry has experienced its longest battle in decades. In South Korea, mergers and acquisitions have halted since the pandemic began, a development that has proven particularly impactful for the aviation industry and those looking to take part in it. HDC Hyundai Development Company (HDC) inked a deal to acquire a nearly 31% stake in Asiana Airlines from Kumho Asiana Group in December, a transaction that was expected to complete by Jun 27.…

Korean Carriers Seek Financial Support from Government

With the coronavirus pandemic raging through the world, the aviation industry is facing unprecedented times. South Korea, one of the hotspot outside China in Asia, could experience a nightmare scenario. The Korea Civil Aviation Association (KCA) demanded the government offer a bailout package to airlines amid the unparalleled crisis.  KCA…

South Korea’s Eastar Jet Receives its First 737 MAX 8

Eastar Jet has become the first carrier in South Korea to take delivery of the Boeing 737 MAX 8 jet. Boeing delivered the fuel-efficient and longer-range jet Thursday and will deliver another one of the aircraft later this month. The aircraft joins the low-cost carrier’s existing fleet of Next-Generation 737s…