SEOUL, March 5 (Korea Bizwire) — Around 10 percent of the aircraft owned by South Korean airlines turned out to have an age of more than 20 years, the transport ministry said Thursday. The nation’s ten airlines owned a total of 390 airplanes as of the end of last year, according to the Ministry of [...]
SEOUL, March 3 (Korea Bizwire) — South Korea on Wednesday unveiled another set of measures to support airlines hit hard by the COVID-19 pandemic in the latest move to help airlines stay afloat during the crisis. The government will continue to reduce the airport usage fee for the airlines until June, the Ministry of Land, [...]
SEOUL, Feb. 24 (Korea Bizwire) — The polarization of profits between full-service carriers (FSCs) and low-cost carriers (LCCs) is worsening as air travel demand has plunged in the aftermath of the coronavirus pandemic. While LCCs are following in the footsteps of two FSCs — Korean Air Lines Co. and Asiana Airlines Inc. – to fly more flights [...]
SEOUL, Feb. 16 (Korea Bizwire) — The fever of environmental, social and governance (ESG) management that is sweeping across the industrial landscape is emerging as a central issue even for the airline and shipbuilding industries. As part of efforts to reduce its carbon emissions, South Korea’s top full service carrier Korean Air Lines Co. decided [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s air passenger traffic plunged 68 percent last year in the face of the coronavirus pandemic, the transport ministry said Sunday. In 2020, the number of passengers on domestic and international routes fell to 39.4 million from 123.3 million a year earlier as countries strengthened entry restrictions to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean low cost airline market is bound to change with the emergence of both new and giant low-cost carriers (LCCs). Air Premia Co. reportedly plans to introduce Boeing 787-9 aircraft next month and receive an air operator certificate (AOC) from the Ministry of Land, Infrastructure and Transport. While [...]
SEOUL, Dec. 14 (Korea Bizwire) — After going through a tough battle to survive this year due to the spread of the COVID-19 pandemic, South Korea’s airline industry is expected to have another gloomy year in 2021. South Korea’s top flag carrier Korean Air Lines Co. and No. 2 carrier Asiana Airlines Inc. are in [...]
SEOUL, Nov. 20 (Korea Bizwire) — The South Korean government will allow international flight tours that involve passing through foreign airspace without landing until December of next year. This new measure was set up for airlines, tourism agencies and duty-free shops struggling with the coronavirus. The measure may be subject to early termination if the [...]
SINGAPORE, Nov. 9 (Korea Bizwire) — Trip.com, a leading international online travel service provider, has partnered with international airline brands to bring more benefits to loyalty program members. Throughout the past year, Trip.com has entered into partnerships with top airline brands to offer their loyalty and frequent flyer program members rewards and access to deals [...]
SEOUL, Nov. 5 (Korea Bizwire) — Lee Joo-mi, 25, didn’t have high expectations when she arrived at Incheon International Airport on Oct. 23. All she had signed up for was a flight from Incheon — to Incheon. The coronavirus pandemic forced the graduate student to return home early from her university in Leicester, Britain. What [...]