SEOUL, Oct. 21 (Korea Bizwire) — Aekyung Group, a South Korean cosmetics-to-airline conglomerate, said Monday it has formed a consortium with a local private equity fund (PEF) to submit a final bid for Asiana Airlines Inc. Aekyung and Stone Bridge Capital have joined hands to participate in the auction to acquire a controlling 31 percent [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea’s two full-service carriers said Monday they will suspend some domestic cargo services beginning in October as parts of efforts to trim its ballooning losses. Starting Oct. 1, Korean Air Lines Co. and Asiana Airlines Inc. said they plan to halt cargo delivery services at the country’s three [...]
SEOUL, Nov. 23 (Korea Bizwire) – From December 1 to the end of February, both Korean Air and Asiana Airlines are offering their respective customers a complimentary five-day coat-check for passengers on their way to warmer destinations. Asian Airlines introduced its service in 1999, with over 290,000 reported to have made use of the service [...]