All Korean Air articles – Page 3
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Airline BusinessKorean Air bucks industry trends
If you want to cite an airline that has been particularly good at bucking industry trends during the Covid-19 crisis, it is difficult to look beyond Korean Air.
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NewsKorean Air to retire A380s in five years, 747-8Is in ten: CEO
Korean Air plans to entirely exit four-engined passenger aircraft within the next ten years.
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Airline BusinessKorean Air chief eyes transformational years beyond Covid-19
Walter Cho stepped into the top job at Korean Air in April 2019, and with an ambitious acquisition stands to transform the South Korean air travel market in the 2020s.
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NewsMalaysia proposes to approve Korean Air-Asiana merger
Malaysia’s aviation regulators have proposed to approve the merger between Korean Air and Asiana Airlines, noting that the move “would not infringe” local laws.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsKorean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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NewsKorean Air to maintain Asiana’s PW4000 engines
Korean Air and compatriot Asiana Airlines have inked a multi-year engine MRO contract, covering the latter’s Pratt & Whitney PW4090 powerplants.
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Airline BusinessWhat future does the A380 have in a post-pandemic travel world?
Already a luxury of debatable value to many operators before the crisis, the A380 appears even less well-suited to a market featuring depressed travel demand and a focus on cargo
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NewsKorean Air outlines big task of Asiana integration
Korean Air president Woo Keehong has outlined the gargantuan task of integrating Asiana Airlines, in addition to getting regulatory approvals for the deal.
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NewsKorean Air president sees substantial recovery from 2022
Korean Air believes the strong performance in its cargo business will slow the second half of 2021, with passenger flights resuming and bellyhold capacity re-entering the market.
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NewsKorean Air floats 2024 for finalisation of Asiana acquisition
Korean Air estimates that “all aspects” of its acquisition of Asiana Airlines will be finalised by 2024, as the flag carrier has “readjusted” its timeline for international regulatory approvals.
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NewsSouth Korea grounds PW4000-powered 777s
South Korea has temporarily banned all operations of Pratt & Whitney PW4000-powered Boeing 777 aircraft within its airspace.
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsKorean Air moves closer towards Asiana acquisition
Korean Air has gained approval from its shareholders to amend its articles of association to help finance its planned acquisition of compatriot Asiana Airlines, moving the carrier a step closer to taking over its rival.
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NewsKorean Air to present Asiana ‘integration plan’ in March
Korean Air will prepare an “integration plan” by March relating to its acquisition of embattled rival Asiana Airlines, as it vows not to cut any jobs following the consolidation of the two carriers.
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NewsCourt dismisses injunction to block Korean Air’s Asiana acquisition
Korean Air’s multi-billion dollar bid to take over rival Asiana Airlines cleared a critical legal hurdle, after a Seoul district court dismissed an attempt to block the acquisition.
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NewsKorean Air-Asiana consolidation faces regulatory, legal hurdles
Korean Air’s proposed acquisition of rival Asiana Airlines could require the green light from regulators in at least four countries, adding to a growing list of hurdles which includes an ongoing legal battle to block the deal.
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Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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NewsKorean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
