SEOUL, June 18 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc. — South Korea’s two largest airlines — said Thursday they will extend mileage points, set to expire this year, by one year amid the new coronavirus outbreak. The two carriers made the decision as the COVID-19 pandemic has greatly affected passenger [...]
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 [...]
SEOUL, June 9 (Korea Bizwire) — HDC Hyundai Development Co., a major construction company here, on Tuesday called for a renegotiation with the creditors of Asiana Airlines Inc. over its planned acquisition of the country’s No. 2 airline due to a sharp rise in debts and the growing impact of the new coronavirus on the [...]
SEOUL, June 7 (Korea Bizwire) — Asiana Airlines Inc. said Sunday it has transported over 200 South Korean students to Vietnam as the Southeast Asian country issued a one-off permit for the transportation. Asiana flight OZ733 left Incheon International Airport at 9:20 a.m. Sunday with 218 Korean students on board and arrived at Noi Bai [...]
SEOUL, May 14 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Thursday it will resume flights on 13 international routes next month as the coronavirus outbreak seems to have passed its peak. The move comes on the heels of its bigger local rival Korean Air’s similar plan. Asiana plans to restart flight [...]
SEOUL, April 2 (Korea Bizwire) — HDC Hyundai Development Co., a midsized South Korean builder, said Thursday it is “on track” to acquire Asiana Airlines Inc. despite a growing coronavirus impact on the airline industry. On Thursday, HDC Hyundai Development reiterated its plan to complete the overall process to acquire Asiana Airlines by the end [...]
SEOUL, March 2 (Korea Bizwire) — Asiana Airlines Inc. on Monday offered extended unpaid leave to its employees and cut the wages of executives by up to 50 percent this month as travel demand nose-dives amid worsening coronavirus woes. Last month, Asiana’s 10,500 employees took turns going on 10 days of unpaid leave so the [...]
SEOUL, Dec. 27 (Korea Bizwire) – HDC Hyundai Development Co., a midsized construction company, signed a deal on Friday to acquire Asiana Airlines Inc. as the South Korean builder strives to diversify its business portfolio. In their board meetings held early Friday, HDC and Kumho Industrial Co., a construction unit of Kumho Asiana Group, approved [...]
SEOUL, Dec. 23 (Korea Bizwire) — Kumho Asiana Group is set to sign a formal deal with a local consortium this week to sell its flagship airline unit, industry sources said Monday. Kumho Industrial Co., the largest shareholder of Asiana, will sign the deal with a consortium comprised of HDC Hyundai Development Co. and brokerage [...]
SEOUL, Nov. 12 (Korea Bizwire) — HDC Hyundai Development Co., a midsized construction firm, is aiming to diversify its business portfolio as it was picked as the preferred bidder for a stake in Asiana Airlines Inc., South Korea’s No. 2 airline. In the final auction for sale of a 31-percent stake in the airline, a [...]