SACHEON, June 17 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, aims to export the first Korean-made helicopter to Indonesia, a company executive said Wednesday. KAI has exported 16 T-50 advanced trainer jets and 20 KT-1 basic trainer jets to Indonesia in total. It has not achieved any deal from [...]
SEOUL, Jul. 26 (Korea Bizwire) — Experts are emphasizing the importance of the health risks onboard aircraft as summer vacation is bringing more people to travel by air. Staying onboard an airplane over long hours may lead to dehydration and slower blood circulation. Unlike the conventional belief that airplanes are safe from ultraviolet rays, those [...]
LE BOURGET, France, Jun. 18 (Korea Bizwire) — Carpenter Technology (NYSE: CRS) today announced its involvement with multiple OEMs to progress their electric aircraft aspirations. Carpenter Technology will provide advanced soft magnetic expertise and ultra-efficient electrical components to be used in R&D and demonstrator motors and engines, leading to construction of lighter-weight, longer-lasting electric propulsion [...]
SEOUL, Mar. 21 (Korea Bizwire) — U.S. aircraft manufacturer Boeing said Wednesday it plans to establish its seventh overseas technology research center in South Korea this year due to the country’s technological prowess and innovation policies. “Korea is home to premier talent and industrial partners, as well as policies that foster innovation development. These factors [...]
LONDON, Mar. 13 (Korea Bizwire) — VistaJet, the first and only global aviation company, today announced that it has safely performed over 100,000 flights in its history, recording significant growth as corporations and UHNWIs continue using business jets to travel the world. Photos accompanying this announcement are available at http://www.globenewswire.com/NewsRoom/AttachmentNg/afab1e13-6b9f-4ec0-b0f8-e6b5e6434476 http://www.globenewswire.com/NewsRoom/AttachmentNg/a3b654d1-e790-4450-8576-695e75cd1824 In the first nine months [...]
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 [...]
DAEGU, Feb. 21 (Korea Bizwire) – The Daegu metropolitan government announced Monday that its second air traffic control (ATC) and new air traffic control center (ATCC) are expected to be completed by July of this year, making South Korea’s fourth largest city by population a central hub for air traffic control. The first ATC in [...]
SEOUL, Feb. 16 (Korea Bizwire) – South Korea’s aircraft finance sector is likely to grow this year, industry officials said Thursday, amid increased demand from air traffic passengers. Yoo Byung-soo, who handles aircraft finance at KTB Investment & Securities, said he expects the country’s aircraft finance market to reach between 4 trillion won (US$3.5 billion) [...]
SEOUL, Nov. 16 (Korea Bizwire) – A temporary noise ban will prevent all aircraft from landing or taking off during a short listening session of the annual college entrance exam to be held this week, the government said Wednesday. The ban will be enforced between 1:05 p.m. and 1:40 p.m. Thursday when some 600,000 students [...]