SEOUL, Aug. 4 (Korea Bizwire) — Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand. Net profit for the three months ended in June jumped to 450.41 billion won (US$344 million) from 129.96 billion won during the same period [...]
SEOUL, July 29 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it will resume flights to Rome and Barcelona next month as travel demand grows amid eased virus curbs. It will operate three flights a week on the Incheon-Rome route starting Sept. 1 and three weekly flights on the Incheon-Barcelona [...]
SEOUL, July 26 (Korea Bizwire) — All international air routes operated by South Korea’s seven regional international airports have come back into service for the first time since the onset of the COVID-19 pandemic, the airport operator said Tuesday. With the reopening of the route linking Cheongju International Airport in South Korea’s central region to [...]
SEOUL, July 24 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, resumed its Incheon-Beijing route Saturday after suspending it for more than two years due to the COVID-19 pandemic. An Asiana plane carrying 141 passengers left Incheon International Airport in the morning and arrived at Beijing Capital International Airport, the company said. Before [...]
SEOUL, July 22 (Korea Bizwire) — An increasing number of airline workers who took leaves of absence are returning to work, thanks to the gradual return of international flights. Korean Air Lines Co., South Korea’s national flag carrier, saw the proportion of employees who took leaves of absence slip to less than 20 percent this [...]
SEOUL, July 21 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, said Thursday it will jointly develop a key piece of equipment for British manufacturer Vertical Aerospace’s electrical vertical take-off and landing (eVTOL) aircraft. Under the partnership signed at the Farnborough Airshow, Hanwha and Vertical will develop an electromechanical actuator for [...]
SEOUL, July 19 (Korea Bizwire) — South Korea’s homegrown KF-21 fighter successfully carried out its first flight test Tuesday, around 6 1/2 years after its mammoth development project kicked off despite skepticism over technological obstacles, cost effectiveness and other feasibility questions. At the Air Force’s 3rd Flying Training Wing in Sacheon, about 300 kilometers south [...]
SEOUL, July 19 (Korea Bizwire) — Hyundai Motor Group said Tuesday it has signed an initial pact with Rolls-Royce to jointly develop an advanced air mobility (AAM) at Britain’s international air show. The partnership is aimed at bringing all-electric propulsion and hydrogen fuel cell technology to the AAM market, Hyundai said in a statement. Hyundai [...]
SEOUL, July 18 (Korea Bizwire) — Korean Air Lines Co. is scheduled to freeze fuel surcharges on international routes in August despite high jet fuel prices, industry sources said Monday. Starting Aug. 1, South Korea’s leading air carrier will apply a 42,900 won (US$32.6) to 339,300 won surcharge on one-way tickets for international routes, depending [...]
SEOUL, July 18 (Korea Bizwire) – South Korea’s Hyundai Motor Co. said Monday it has showcased its urban air mobility (UAM) technologies at Britain’s international air show through its wholly-owned U.S. UAM unit, Supernal. Supernal unveiled a peep into the future electrical vertical take-off and landing (eVTOL) aircraft concept, its design and technologies at the [...]