Asiana airlines Archives | Be Korea-savvy
Korean Air’s Asiana Takeover Requires Regulatory Approval from 4 Countries

Korean Air’s Asiana Takeover Requires Regulatory Approval from 4 Countries

SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s biggest carrier Korean Air Lines Co.’s planned acquisition of the debt-laden Asiana Airlines Inc. requires approval from antitrust authorities in at least four other countries, industry sources said Sunday. According to the aviation industry sources and the Fair Trade Commission (FTC), the planned merger requires review from [...]

Korean Air’s Asiana Acquisition Faces Bumpy Road After Injunction

Korean Air’s Asiana Acquisition Faces Bumpy Road After Injunction

SEOUL, Nov. 20 (Korea Bizwire) — Creditors’ plan to sell the debt-laden Asiana Airlines Inc. to its bigger rival Korean Air Lines Co. faces a bumpy road as a local equity fund has filed an injunction against the plan. On Tuesday, Asiana’s main creditor, the Korea Development Bank (KDB), signed an investment agreement with Korean [...]

Korean Air Chief Vows No Job Cuts in Asiana Acquisition

Korean Air Chief Vows No Job Cuts in Asiana Acquisition

SEOUL, Nov. 18 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, will proceed with the deal to acquire its smaller local rival Asiana Airlines Inc. without job cuts, the company’s chairman said Wednesday. “The company made a decision to acquire (Asiana Airlines) to make a contribution to the development of the country’s [...]

Korean Air to Buy Indebted Asiana, Emerging as World’s 10th-largest Airline

Korean Air to Buy Indebted Asiana, Emerging as World’s 10th-largest Airline

SEOUL, Nov. 16 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Monday that it will acquire Asiana Airlines Inc. in a deal valued at 1.8 trillion won (US$1.6 billion) that would create the world’s 10th-biggest airline by fleets. Korean Air plans to raise 2.5 trillion won via rights offerings early next [...]

Asiana Converts 3 Passenger Jets for Cargo Transport

Asiana Converts 3 Passenger Jets for Cargo Transport

SEOUL, Sept. 24 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Thursday it has converted three passenger jets into cargo planes to offset a sharp decline in air travel demand amid the coronavirus pandemic. Asiana has converted an A350-900 passenger jet and two B777-200ER jets into cargo carriers, with the two B777-200ERs [...]

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 [...]