

Korean Air Acquires Asiana Airlines Rival
After being hit hard by the coronavirus for several months, a large merger and acquisition is going to happen in South Korea. Korean Air will acquire a 63.9% stake in Asiana Airlines and its no-frills carrier, Air Busan and Air…

Korean Air Resumes Flights to Tianjin, China
Korean Air will be resuming passenger flights to Tianjin in neighboring northeast China after five months of service suspension. Flights between Incheon International Airport and Tianjin were suspended in early February due to the COVID-19 outbreak in China. According to…

Korean Air to Offload Non-Essential Assets, Improve Transparency
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…

Asiana Airlines Set to Confirm New Sale Deal on Friday
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…

Asiana LAX-Bound A380 Catches on Fire in Seoul
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…