SEOUL, Aug. 20 (Korea Bizwire) — The combined value of unused miles at South Korea’s two major air carriers reached 3.4 trillion won (US$2.5 billion) as of the first half of 2023, data showed Sunday, amid the extension of expiry dates after the COVID-19 pandemic disrupted international travel. The amount of the deferred income of [...]
SEOUL, May 28 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Sunday it has stopped selling certain emergency seats of A321-200 passenger jets following a recent incident in which a passenger opened a door of the same aircraft model just before landing. Starting Sunday, Asiana Airlines halted the sale of the 26A [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s leading airline, Korean Air Co., said Monday he will focus on completing the acquisition of its smaller local rival, Asiana Airlines Inc., and preparing for pent-up post-pandemic travel demand. In November 2020, Korean Air signed a deal to acquire the controlling stake in Asiana [...]
SEOUL, Dec. 27 (Korea Bizwire) — China’s antitrust regulator has approved Korean Air Co.’s integration with smaller local rival Asiana Airlines Inc., with approval yet to come from four countries, Korean Air said Tuesday. The Ministry of Commerce of the People’s Republic of China (MOFCOM) has demanded the merged Korean Air-Asiana entity reduce its market [...]
SEOUL, June 29 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc., South Korea’s two biggest carriers, on Wednesday resumed the Gimpo-Haneda route after a two-year suspension due to the COVID-19 pandemic. South Korea and Japan agreed to reopen the route last week. Korean Air and Asiana will operate two flights per week [...]
SEOUL, April 11 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it will resume the Incheon-Rome route in June to meet pent-up demand amid eased virus curbs. Asiana plans to offer two flights a week to Rome from June 18 and gradually increase the number depending on demand, a company spokesperson [...]
SEOUL, April 4 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it has resumed flights to Hawaii as authorities eased travel curbs this month. Asiana reopened its Incheon-Honolulu route on Sunday, 25 months after its suspension in March 2020 due to the COVID-19 pandemic. The flight resumption comes as fully vaccinated [...]
SEOUL, Feb. 22 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it has decided to conditionally approve a deal by Korean Air Lines Co., the country’s biggest carrier, to buy the debt-ridden Asiana Airlines Inc. The Fair Trade Commission (FTC)’s decision does not complete Korean Air’s proposed takeover of the country’s No. 2 carrier [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s antitrust regulator said Tuesday it will accelerate the review of a deal by Korean Air Lines Co., the country’s biggest carrier, to buy the debt-ridden Asiana Airlines Inc. In November 2020, Korean Air inked a deal to acquire a 63.88 percent stake in its smaller rival Asiana [...]
SEOUL, April 21 (Korea Bizwire) — HDC Hyundai Development Co., a midsized South Korean builder, is unlikely to close a deal soon to buy Asiana Airlines Inc. as planned due to the devastating coronavirus impact on the airline industry, sources said Tuesday. HDC Hyundai Development had planned to complete the overall process to take over [...]