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, Feb. 14 (Korea Bizwire) – The drunk passenger that went on a verbal and physical rampage on Korean Air flight in December turned out to be just one of hundreds of examples of illicit activities taking place on commercial flights to and from Korea. Official data compiled by the Ministry of Land, Infrastructure and [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korea’s T-50 jet and its variants have successfully completed 5,000 test flights, highlighting the reliability of the plane being marketed abroad as a next-generation advanced trainer, the country’s sole aircraft company said Monday. The T-50 and T-50A advanced trainers, the TA-50 lead-in fighter trainer and the FA-50 two-seat [...]
Yangyang, Aug. 26 (Korea Bizwire) - “I learned that if you work together, children can pull an airplane.” An unusual contest where contestants pull an airplane with manpower has been held at the Yangyang International Airport. The event was hosted by the FunFun Cultural Foundation to help children with cancer. It is a common event [...]
JAKARTA, Indonesia, March 5, 2014 (Korea Bizwire) – SkyTeam, the global airline alliance, has welcomed Garuda Indonesia as its 20th member and second airline from Southeast Asia. Garuda’s membership adds Jakarta as an alternative gateway to and from South East Asia, as well as 40 new destinations to SkyTeam’s global network served uniquely by the [...]