SEOUL, Oct. 17 (Korea Bizwire) – The day before Seoul ADEX 2017 (International Aerospace and Defense Exhibition), a face-to-face with media outlets held by Airbus representatives revealed that its South Korean business operations are expected to increase by $1 billion to a total $6 billion by 2021. The increase in scale is due to the [...]
SEOUL, Feb. 24 (Korea Bizwire) – The latest business focus of two major South Korean airlines – Korean Air Lines and Asiana Airlines - has been on acquiring new aircraft models with better fuel efficiency and lower carbon emissions, a measure seen as crucial to their bottom line and ability to sustain growth in the [...]
SEJONG, Nov. 4 (Korea Bizwire) – South Korea’s largest aerospace company Korea Aerospace Industries Ltd. (KAI) said Wednesday that it inked a deal with Airbus Helicopters to sell locally made choppers abroad. The strategic partnership memorandum of understanding (MOU) reached in Seoul comes as the two companies concurred on the need to expand cooperation in [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korea’s top carrier Korean Air Line Co. said Thursday it has clinched an exclusive deal worth 100 billion won (US$92.33 million) with Airbus to supply aircraft parts for the European firm’s new jet airliner. With the latest contract, Korean Air will deliver sharklets, specialized winglets attached to the [...]
SEOUL, Apr. 15 (Korea Bizwire) — The state arms procurer said Wednesday it has agreed with the country’s largest aerospace company on technological terms in a next-generation light civilian and military chopper development project. In July 2014, the Korea Aerospace Industries Ltd. (KAI) was tapped as the primary negotiating partner to be in charge of [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s top air carrier Korean Air Line Co. has signed a memorandum of understanding (MOU) with Europe’s Airbus to jointly bid for Seoul’s indigenous fighter development project, Korean Air officials said Sunday. Codenamed KF-X, the 8.5 trillion won (US$8.3 billion) project calls for South Korea to develop fighter jets [...]