SEOUL, Nov. 13 (Korea Bizwire) — South Korea will feature two homegrown helicopters at an air show in Dubai this week, the state arms procurement agency said Monday, amid Seoul’s push to become a major defense exporter. The Surion multirole utility helicopter and the Light Armed Helicopter (LAH) — both built by Korea Aerospace Industries [...]
TOULOUSE, France, Nov. 12 (Korea Bizwire) — Franco-Italian turboprop maker ATR has touted the strength of its models as it aims to sell aircraft to South Korea by 2030, saying that its aircraft is optimized for short regional flights. ATR, a joint venture between European airplane giant Airbus and Italian aerospace group Leonardo, wants to [...]
SEOUL, Nov. 2 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to reconvene Thursday to vote on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for the takeover of its smaller rival. The meeting comes three days [...]
SEOUL, Oct. 31 (Korea Bizwire) — Although announced nearly three years ago by the South Korean government, the proposed merger of Korean Air Co. and Asiana Airlines Inc., the country’s two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets. In November 2020, Korean Air signed a deal to [...]
SEOUL, Oct. 30 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that [...]
WASHINGTON, Oct. 27 (Korea Bizwire) – The United States will pursue a modern variant of the B61 nuclear gravity bomb, a centerpiece of America’s nuclear stockpile, to respond to a “rapidly evolving” security environment, the Department of Defense said Friday. The move to produce the variant, designated as the B61-13, comes as the U.S. is [...]
SEOUL, Oct. 25 (Korea Bizwire) — A total of 500 aircraft incidents involving bird collisions have been reported in airports across South Korea over the past five years, according to data Wednesday. According to the data unveiled by Rep. Heo Jong-sik of the main opposition Democratic Party, the total number of aircraft bird strike cases [...]
SEOUL, Oct. 24 (Korea Bizwire) — Unionized workers of Asiana Airlines Inc. on Tuesday protested the company’s merger deal with its larger rival Korean Air Co., as the company is expected to soon decide whether to sell its cargo division to win antitrust approval from European Union (EU) regulators for the two carriers’ merger. At [...]
SEOUL, Oct. 23 (Korea Bizwire) – The Asiana Airlines board meeting scheduled for October 30 is poised to become a pivotal event in the merger between Korean Air and Asiana Airlines. If the proposal to sell Asiana Airlines’ cargo business in compliance with the European Union’s (EU) request is rejected, the merger between the two airlines, [...]
SEOUL, Oct. 22 (Korea Bizwire) – Major global defense companies gathered at an international biennial defense trade show in South Korea set to close Sunday to display advanced military hardware and reaffirm their commitment to the local market. The Seoul International Aerospace and Defense Exhibition (ADEX) at Seoul Air Base in Seongnam, just south of [...]