SEOUL, March 11 (Korea Bizwire) — SK Energy Co., a refining arm of SK Group, said Tuesday it has signed a deal to supply renewable aviation fuel to Cathay Pacific Airways. SK Energy will provide more than 20,000 tons of sustainable aviation fuel (SAF) to the Hong Kong flag carrier by 2027, the company said [...]
Domestic Recovery Surges While International Capacity Nears Pre-Pandemic Levels Key takeaways: Total capacity surpasses pre-pandemic levels up 0.5% on 2019. Domestic market outperforms 2019 up 4.7% on 2019; China and India lead the way. Competitive pricing drives up to 71% reduction in average ticket prices. SINGAPORE, Feb. 17, 2025 (Korea Bizwire) — Latest analysis from [...]
SEOUL, Dec. 24 (Korea Bizwire) — The transport ministry said Tuesday it will launch an aviation seatbelt awareness campaign to prevent turbulence-related accidents during flights, amid the year-end travel season, currently under way. The campaign, running from Wednesday through Feb. 2, aims to raise awareness about the dangers of turbulence during flights and the importance [...]
SEOUL, Nov. 14 (Korea Bizwire) – Researchers at the Korea Institute of Science and Technology (KIST) have achieved a major step forward in sustainable aviation by developing a new way to produce high-energy fuel from non-edible plant materials like wood and grass. The research team, led by senior researcher Ha Jeong-Myeong and researcher Yu Chun-jae from [...]
SEOUL, Jul. 4 (Korea Bizwire) — Combined investment made by the South Korean aviation industry to ensure safe air travel rose 38 percent on-year in 2023 to reach over 5.8 trillion won (US$4.18 billion), government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, the combined spending on air travel safety by [...]
CHESHIRE, Connecticut, Jul. 1 (Korea Bizwire) — Hanwha Aerospace Co. said Sunday it aims to generate 2.9 trillion won (US$2.08 billion) in sales from the global aviation engine components business by 2032, with a target to secure capabilities for developing its own engine technologies for fighter jets. “Hanwha Aerospace has been actively promoting its global [...]
Aviation Sales & Marketing Veteran to Spearhead Efforts to Expand Lessor’s Footprint, Targeting New Growth Opportunities in Turboprop and Freighter Markets DUBLIN, Ireland, Sept. 19, 2023 (Korea Bizwire) – ACIA Aero Leasing (“ACIA”), a leading provider of regional aircraft leasing and lease management services and solutions, announced today the addition of Mark Dunnachie to the company’s commercial [...]
Empowering visionaries with worldwide travel and event experiences to inspire a journey beyond the jet New York, September 19, 2023 (Korea Bizwire) – XO, the industry-leading private aviation company delivering access to an expansive fleet of over 2,400 safety-vetted aircraft spanning all cabin categories, is redefining private air travel with the launch of “XO Firsts.” This innovative initiative grants [...]
VILNIUS, Lithuania, Nov. 21 (Korea Bizwire) — With 12 years of market experience under its belt already, Locatory.com is not slowing down. The aviation marketplace for aircraft spare parts and repair capabilities and a family member of Avia Solutions Group, leaders in end-to-end capacity solutions for passenger and cargo airlines worldwide, is talking about its place in [...]
SEOUL, Oct. 29 (Korea Bizwire) — Airlines of South Korea and European Union member states will be allowed to operate without restrictions on their nationality requirements starting next month under a new aviation accord, Seoul’s foreign ministry said Friday. South Korea and 22 EU member states signed a horizontal aviation agreement in June 2020, which [...]