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 Seoul for $1.62 billion. The airline will become the world’s 10th largest airline after the deal is completed. According to the local media, the state-run Korea Development Bank, also the creditor of Asiana Airlines gave a green light and inject…
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, flights will run every two weeks on Tuesdays…
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…
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…
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…
Romanian site Aeronews.ro is reporting that Aeroflot has decided on routes for its soon-to-be-delivered Airbus A350 aircraft. The aircraft will be implemented on routes from Moscow-Sheremetyevo Airport to New York-JFK, Miami, Beijing, Delhi, and Seoul. The first A350 is scheduled to be delivered in the first quarter of 2020, even…
Romanian site Aeronews.ro is reporting that Aeroflot has decided on routes for its soon-to-be-delivered Airbus A350 aircraft. The aircraft will be implemented on routes from Moscow-Sheremetyevo Airport to New York-JFK, Miami, Beijing, Delhi, and Seoul. The first A350 is scheduled to be delivered in the first quarter of 2020, even…
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…
Asiana Airlines announced both in an Instagram post and on its website that it will be sending its Airbus A350-900XWB aircraft to New York in late October. ASIANA350, as the Seoul-based airline referred to its newest ultra-modern aircraft, will be replacing its largest aircraft, the Airbus A380, on the route…
As the official airline of Team USA, United Airlines sent 16 athletes, including members from the Freestyle Ski Team to the Olympic Winter Games on Tuesday. United flight 893 departed San Francisco at 10:45 a.m. PT, enroute to Seoul, South Korea. Members of Team USA and the United States Olympic…
