Airlines
Airlines
Korean Air to deploy Boeing 737 Max aircraft from March
Feb 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air wary of Asiana deal after EU blocks HHI-DSME merger
Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of South...
Jan 14, 2022 (Gmt+09:00)
2 Min read -
Mergers & Acquisitions
Korean Air’s post-merger plan hits snag after conditional approval
Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans afte...
Jan 04, 2022 (Gmt+09:00)
2 Min read -
Airlines
FTC announces conditions for Korean Air, Asiana merger
South Korea’s antitrust regulator the Fair Trade Commission (FTC) has decided on conditional approval for Korean Air Lines Co.‘s 1.8 tril...
Dec 29, 2021 (Gmt+09:00)
4 Min read -
Airlines
Korean Air to fly high on China’s cargo conversion ban
Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further ...
Dec 16, 2021 (Gmt+09:00)
3 Min readlanguage -
Mergers & Acquisitions
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquire ...
Nov 16, 2021 (Gmt+09:00)
1 Min read -
Earnings
Korean Air surprises market with highest quarterly profit in 5 years
Korean Air Lines Co. (KAL) surprised the market on Friday by posting its highest third-quarter operating profit in five years, boosted by strong dema...
Nov 12, 2021 (Gmt+09:00)
2 Min readlanguage -
Airlines
Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal
Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed a deal for Asiana Ai...
Oct 12, 2021 (Gmt+09:00)
5 Min read -
Airlines
Korean LCCs rush to stock market for fund on travel recovery hopes
Cash-strapped South Korean budget airlines are rushing to raise money in the local stock market on growing hopes for a travel recovery as governments...
Oct 08, 2021 (Gmt+09:00)
2 Min read -
Airlines
Korean Air credit outlook raised, passenger traffic set to return
The credit rating outlook for Korean Air Lines Co. (KAL) and its parent Hanjin KAL Corp. has been upgraded amid expectations that passenger flights w...
Sep 21, 2021 (Gmt+09:00)
3 Min readlanguage -
Airlines
Korean Air to retire all A380 jets over 5 years; B787 likely replacements
Korean Air Lines Co. (KAL) will retire its superjumbo fleet of 10 A380 passenger jets over the next five years, a move the South Korean flag carrier ...
Aug 20, 2021 (Gmt+09:00)
2 Min readlanguage -
Airlines
Korean Air hits milestone of 10,000 cargo-only passenger flights
Korean Air Lines Co. (KAL) hit a milestone of having operated 10,000 cargo-only passenger flights as of Aug. 1, as the country’s top carrier go...
Aug 02, 2021 (Gmt+09:00)
1 Min readlanguage -
Airlines
Korean LCCs continue to face worst market conditions in 2021
Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst esti...
Jul 22, 2021 (Gmt+09:00)
2 Min read -
Airlines
Korean Air won't sell Asiana's budget carriers post-merger
Korean Air Lines Co. (KAL) will not put Asiana Airlines Inc.'s two low-cost carriers (LCCs) up for sale after it completes its 1.8-trillion-won ($1.6...
Jul 19, 2021 (Gmt+09:00)
2 Min read -
Airlines
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising e...
Jul 08, 2021 (Gmt+09:00)
1 Min read -
Airlines
Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Electr...
May 25, 2021 (Gmt+09:00)
1 Min readlanguage -
Airlines
Cargo crisis delivers record earnings for HMM, Korean Air
The ongoing shipping cargo crisis has brought record-high earnings results in the first quarter to South Korea’s largest container line HMM Co....
May 14, 2021 (Gmt+09:00)
3 Min readlanguage -
Airlines
Korean Air feud ends with incumbent’s victory
The 15-month-long family feud over the control of Korean Air Lines Co. has ended with group chairman Cho Won-tae’s win over his sister Cho Hyun...
Apr 02, 2021 (Gmt+09:00)
2 Min readlanguage -
Airlines
Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it ...
Jan 19, 2021 (Gmt+09:00)
1 Min read -
Airlines
Hahn & Co finances $700 mn Korean Air deal with about $400 mn debt
Hahn & Co., a South Korean private equity firm, has completed the payment for the 790 billion won ($722 million) purchase of Korean Air Lines' in...
Dec 17, 2020 (Gmt+09:00)
2 Min read -
Airlines
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul di...
Dec 01, 2020 (Gmt+09:00)
4 Min read -
Airlines
S.Korea's airline restructuring hits turbulence with activist fund opposition
South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed me...
Nov 27, 2020 (Gmt+09:00)
4 Min read -
Airlines
Asiana likely to withdraw from Star Alliance membership post-merger
Asiana Airlines Inc., up for a merger with bigger crosstown rival Korean Air Lines Co., is expected to drop out of Star Alliance, a global airline all...
Nov 17, 2020 (Gmt+09:00)
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Airlines
Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline
Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal th...
Nov 16, 2020 (Gmt+09:00)
5 Min read -
Airlines
Korean Air bid to acquire Asiana faces challenges, activist opposition
The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...
Nov 13, 2020 (Gmt+09:00)
4 Min read -
Airlines
Parent of Korean Air seeks to buy rival Asiana Airlines
Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...
Nov 12, 2020 (Gmt+09:00)
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Airlines
Largest domestic carrier Korean Air posts Q3 surplus; peers swing negative
South Korea’s flag carrier Korean Air Lines Co. has posted an operating profit for two straight quarters thanks to robust cargo operations keepi...
Nov 05, 2020 (Gmt+09:00)
1 Min read -
Airlines
Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal
Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...
Aug 19, 2020 (Gmt+09:00)
2 Min read
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