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 [...]
SEOUL, Nov. 12 (Korea Bizwire) — A consortium led by construction firm HDC Hyundai Development Co. has been named as the preferred bidder to acquire Asiana Airlines Inc., Kumho Industrial Co. said Tuesday. Parent Kumho Asiana Group put Asiana Airlines up for sale in April and has been aiming to sell a 31 percent stake [...]
SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]
SEOUL, Oct. 7 (Korea Bizwire) — Air Busan Co., a budget carrier unit of Asiana Airlines Inc., said Monday it will open five new routes as part of a diversification strategy. Air Busan plans to begin services on routes from Incheon to Ningbo, a sub-provincial city in northeast Zhejiang province, Nov. 12 and Shenzhen, a [...]