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Asiana Airlines Q3 Net Plunges 81% Due to Lower China Demand

SEOUL, Nov. 9 (Korea Bizwire) – Asiana Airlines Inc., South Korea’s second-largest airline by sales, said Thursday its third-quarter net profit plunged 81percent, hit by lower demand from China. Its heavy dependence on travel demand from China and other Asian countries resulted in poor performance in the July-September period. Net profit for the three months nosedived to 28.8 billion won (US$26 million) from 152.6 billion won a year earlier, the company said [...]

Korean Airlines Attains Temporary Reprieve from TSA’s Enhanced Security Measures

SEOUL, Oct. 25 (Korea Bizwire) – One day before enhanced security measures for travelers arriving in the U.S. go into effect, Korean Airlines’ request to the TSA for a temporary reprieve until February 20 was approved, becoming the second domestic airline to receive an exemption after Asiana Airlines was granted the same distinction the day [...]

Asiana to Operate 3rd A350 on Long-Haul Routes

SEOUL, Sept. 28 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s No. 2 full-service passenger carrier, said Wednesday it will operate its third A350 jet on long-haul routes from this week. The third of four A350 jets scheduled to be delivered this year will arrive at Incheon International Airport later in the day after a [...]

South Korean Airlines to Hire 3,000 Pilots by 2022

SEOUL, Sept. 25 (Korea Bizwire) – Local South Korean airline carriers plan to train and hire 3,000 pilots by 2022 to meet growing demand, the transport ministry said Monday. The move is designed to help meet rising demand for airline service as an increasing number of Koreans opt to travel abroad. Currently, low-cost carriers offer [...]

Asiana Airlines Holds Engineering Class for Female Middle School Students

SEOUL, Sept. 8 (Korea Bizwire) – Asiana Airlines held a special science and engineering class for female students at its second aircraft hangar at Incheon Airport on Thursday as part of K-girls Day, an event devised to raise awareness and interest in engineering among women. According to the airline on Friday, the education program was held [...]

Kumho Asiana Chief Offers Revised Proposal in Brand Dispute Over Kumho Tire

SEOUL, Aug. 30 (Korea Bizwire) — The chairman of Kumho Asiana Group, parent of Kumho Tire Co., on Wednesday submitted a revised proposal to creditors over the use of the tiremaker’s brand, an industry source said Wednesday. The revised proposal by Kumho Asiana Chairman Park Sam-koo came as the creditors, led by state-run Korea Development [...]

Asiana to Hone in on Special Cargo Business

SEOUL, Aug. 23 (Korea Bizwire) — Asiana Airlines Inc. said Wednesday it will concentrate on the special cargo business that has been bringing in high profits on increasing demand. The air carrier transported 12 percent more premium freight in the first half of this year compared with the same period last year, according to company [...]

Asiana Q2 Loss Widens on FX Losses

SEOUL, Aug. 10 (Korea Bizwire) – Asiana Airlines Inc. said Thursday its losses widened in the second quarter from a year earlier due to foreign currency-related losses. Net loss reached 74.7 billion won (US$65.3 million) in the April-June period, compared to a loss of 26.7 billion won a year earlier, the company said in a [...]

Airlines Hit with Fines and Suspension of Pilots for Accidents

SEOUL, July 20 (Korea Bizwire) – Asiana Airlines was fined 900 million won (US$802,282) for a runway accident two years ago and the pilot responsible stripped of his license, the transport ministry said Thursday while announcing a series of punitive actions against carriers. Korean Air Lines Co. was ordered to pay 600 million won in [...]

Air Busan Adds A321-200 to Fleet to Strengthen Services

SEOUL, June 1 (Korea Bizwire) – Air Busan, a South Korea budget carrier, has added one A321-200 aircraft to its fleet that will allow it to strengthen its customer service, the company said Thursday. The low-cost carrier has leased a total of 20 passenger jets, including the latest 195-seat airplane, and plans to increase the [...]