Korean Air, South Korea’s flag carrier, is selling its non-essential assets in an effort to improve its financial standing and increase transparency, FlightGlobal reports. The most notable asset the airline will sell is real-estate in downtown Seoul, South Korea and a leisure company, which Korean Air wholly owns, that operates a resort in Incheon, South Korea, outside of Seoul. “Korean Air’s sale of unprofitable assets reflects its goal of strong financial stability,” the airline said. It announced that the Seoul…
Japanese Low-Cost Carrier, Peach Aviation, is the first Japanese airline to respond to rising tensions between Japan and South Korea. The low-cost carrier based at Kansai Airport in Osaka is suspending and reducing flights between the two neighboring countries. According to Peach, the decision to reduce services to South Korea…
Japanese Low-Cost Carrier, Peach Aviation, is the first Japanese airline to respond to rising tensions between Japan and South Korea. The low-cost carrier based at Kansai Airport in Osaka is suspending and reducing flights between the two neighboring countries. According to Peach, the decision to reduce services to South Korea…
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…
Korean Air and Boeing have signed a Memorandum of Understanding (MOI) for the airline to purchase 20 widebody aircraft. The deal included 20 Boeing 787 Dreamliners split evenly between the Dash 9 and Dash 10 variants, valued at $6.3 billion at current list price. In addition to the 10 from…
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…
On Sunday, an Air Canada flight headed for Switzerland made an unscheduled landing in St. John’s, Canada due to “an intoxicated and disruptive passenger.” According to CTV’s report, AC 878 took off from Toronto heading to Zurich, but not without a disturbance from an onboard passenger. A man had tried…
Korean Air is reportedly considering a large widebody order as part of a fleet expansion to replace its aging fleet. The carrier has done a good job of placing orders for and flying some of the most modern narrowbody aircraft across different manufacturers including the Airbus A220, Boeing 737 MAX, and…
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…
