SEOUL, Nov. 10 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Monday it has been selected by U.S. defense giant Lockheed Martin Corp. as a partner to upgrade simulators for the Air Force’s KF-16 fighter jets. KAI will upgrade nine KF-16 simulators previously delivered to the Air Force to [...]
SEOUL, Oct. 23 (Korea Bizwire) — Korean Air Co. said Thursday it has completed a $217 million investment in the parent companies of WestJet Airlines Ltd., Canada’s second-largest carrier, as part of a broader push to strengthen its network and partnerships across North America. The deal gives Korean Air a 10% equity stake in Kestrel Topco [...]
SEOUL, Oct. 22 (Korea Bizwire) – Korean Air Co. signed a partnership framework with U.S. defense giant Lockheed Martin Corp. on Wednesday to provide follow-on maintenance support for U.S. military aircraft, expanding its role as a key maintenance partner in the Indo-Pacific region. A signing ceremony for the framework took place at the Seoul International [...]
SEOUL, Oct. 16 (Korea Bizwire) — Airbus SE, the European aerospace giant, pledged Thursday to strengthen its partnership with South Korea, expanding industrial cooperation and sustainability efforts across commercial aviation and defense. Speaking in Seoul ahead of the Seoul International Aerospace and Defense Exhibition (ADEX) 2025, Lee Hee-hwan, president of Airbus Korea, said the company [...]
SEOUL, Oct. 15 (Korea Bizwire) – Families of victims of a Jeju Air Co. plane crash that occurred late last year have filed a lawsuit against U.S. aircraft manufacturer Boeing Co. in an American court, holding the company responsible for alleged manufacturing defects, according to the families Wednesday. According to the families and their legal [...]
SEOUL, Oct. 7 (Korea Bizwire) – Korean Air Co., South Korea’s largest flag carrier, has signed a research cooperation agreement with Swedish flight-tracking company Wingbits to support airspace integration research for advanced air mobility (AAM), a release from the Stockholm-based company showed Tuesday. Under the agreement signed last month, Korean Air’s research and development (R&D) [...]
SEOUL, Oct. 2 (Korea Bizwire) – Asiana Airlines Inc. and Aero K Airlines Co. have been imposed fines for failing to properly notify passengers of baggage issues and flight delays, the transport ministry said Thursday. Asiana was fined 12 million won (US$8,550) while Aero K was fined 18 million won for violating the Aviation Business [...]
SEOUL, Oct. 1 (Korea Bizwire) – Unionized workers at 15 airports nationwide, including the nation’s main Incheon International Airport, launched an indefinite strike Wednesday, raising concerns of possible disruptions to air travel ahead of the Chuseok holiday period. The general strike began at 6 a.m. at airports across the country, involving unions representing about 15,000 [...]
SEOUL, Aug. 29 (Korea Bizwire) — Air Seoul Inc., a South Korean budget carrier, said Friday it will resume flights between Incheon and Guam in late October, three years after suspending the service in 2022 due to the COVID-19 pandemic. The carrier plans to operate one flight a day on the route starting Oct. 26, [...]
SEOUL, Aug. 27 (Korea Bizwire) — The transport ministry said Wednesday it will ban the use of plastic bags for portable battery storage on airplanes and instead require insulation tape as part of an updated in-flight safety measure for battery packs. The revision, set to take effect on Monday, comes after the government introduced a [...]