Asiana airlines Archives | Be Korea-savvy
Asiana, Eastar Fall Prey to Pandemic amid Growing Industry Overhaul Fears

Asiana, Eastar Fall Prey to Pandemic amid Growing Industry Overhaul Fears

SEOUL, Sept. 11 (Korea Bizwire) — The prolonged impact of the new coronavirus on the airline industry has derailed two major deals in the aviation sector here, triggering concerns of massive layoffs and the overhaul of the country’s airline industry amid worsening business conditions. On Friday, Kumho Industrial Co., which owns Asiana Airlines Inc. notified [...]

Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

Korean Air, Asiana Swing to Black in Q2 on Cargo Demand

SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s two full-service carriers delivered earnings surprises, bucking market forecasts of an extended slump amid the pandemic as they focused on carrying more cargo to offset lower passenger demand amid the new coronavirus outbreak. In the April-June quarter, Korean Air Lines Co. and Asiana Airlines Inc. turned around [...]

HDC’s Asiana Acquisition Delayed to H2 amid Pandemic

HDC’s Asiana Acquisition Delayed to H2 amid Pandemic

SEOUL, June 26 (Korea Bizwire) — HDC Hyundai Development Co.’s planned acquisition of Asiana Airlines Inc. has been delayed to the second half due to the new coronavirus’ impact on the airline industry, industry sources said Friday. In December, the HDC-Mirae Asset Daewoo consortium signed a deal to acquire the country’s second-biggest airline from Kumho [...]

Asiana Ups Ceilings on Stock, Bond Issuance for More Funds amid Virus Woes

Asiana Ups Ceilings on Stock, Bond Issuance for More Funds amid Virus Woes

SEOUL, June 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it has raised the ceilings on stock and bond issuance in a bid to secure more funds amid new coronavirus worries. In an extraordinary shareholders’ meeting earlier in the day, Asiana shareholders agreed to a plan to raise the issuance [...]