T’way Air

South Korean regulators have imposed a total of $2.6 million in fines on three airlines for breaking rules related to aircraft safety and maintenance.

The flag carrier announced the acquisition in November 2020. Korean Air will invest 1.5 trillion won ($1.07 billion) to acquire a 63.88% stake in Asiana Airlines.

As the airlines around the globe recorded a profit after the pandemic, South Korea’s Asiana Airlines wasn’t left behind and posted a net profit of 1.8 billion won ($1.36 million) in the second quarter of 2023. The sales reached 1.57 trillion won in the second quarter, but operating profit still dropped 48.5% year-on-year due to […]

As Covid-19 pandemic-related travel restrictions worldwide — and most recently in Asia — continue to subside, airlines across the globe have made every effort to lure customers to return to the skies. Looking to a potentially younger traveler base, All Nippon Airways is becoming the fifth airline to cooperate with Pokemon Company to join the […]

South Korea has gradually reopened its border after two years of the pandemic. The decision has come after the flattening of the coronavirus curve in the country. Starting this week, the country will drop its quarantine rules and welcome foreign arrivals regardless of the travelers’ vaccine status. The travelers need to provide a negative result […]

The Seoul Bankruptcy Court has given a green light to Sung Jung, a South Korean property developer,  to acquire Eastar Jet — a struggling low-cost airline. The developer is trying to acquire an 80% stake in Eastar Jet for 108.7 billion South Korean wons ($97 million). Eastar Jet is expected to receive an air operator […]