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Car Rental Firms Enjoy Boom Thanks to New Car Delivery Delays

Car Rental Firms Enjoy Boom Thanks to New Car Delivery Delays

SEOUL, May 11 (Korea Bizwire) — South Korean car rental firms are enjoying an unexpected boom, benefiting from the supply shortage of new cars resulting from the semiconductor chip crisis. Lotte Rental Co., the No. 1 player in the nation’s car rental market, reported record first-quarter results, posting sales of 648 billion won (US$507 million) [...]

Asiana to Expand Flights to Europe amid Eased Virus Curbs

Asiana to Expand Flights to Europe amid Eased Virus Curbs

SEOUL, May 9 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it will expand flights on its European routes later this month as eased virus restrictions unleash pent-up demand. Asiana Airlines will increase flights on the routes from Incheon to Frankfurt and London beginning May 28 and May 30, respectively, the [...]

Jeju Air Cut Carbon Emissions by Replacing Aircraft Brakes

Jeju Air Cut Carbon Emissions by Replacing Aircraft Brakes

SEOUL, April 29 (Korea Bizwire) — Jeju Air Co. has taken a string of measures to reduce carbon emissions, among others, replacing aircraft brakes to lower aircraft weight and washing aircraft engines. The South Korea’s biggest low-cost carrier said Thursday that it had replaced the steel brakes on 24 planes, including four in 2019, five [...]