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 [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea and the United States have agreed to reduce inconveniences South Korean travelers experience when entering the U.S. mainland, the transport ministry said Wednesday. In its annual aviation security meeting held in Washington last week, the Ministry of Land Infrastructure and Transport said it signed a “joint statement” [...]
SEOUL, Jan. 2 (Korea Bizwire) — The South Korean government has developed a new English Proficiency Test for Aviation (EPTA), required for those who wish to become pilots or air traffic controllers, as a computer-based test (CBT) in a departure from the previous interview method. The Ministry of Land, Infrastructure and Transport announced on January [...]
NEW YORK, May 15 (Korea Bizwire) — Alton Aviation Consultancy is celebrating its successful first year as an independent boutique advisory firm focused on the aviation and aerospace industries. Experienced consulting executives Adam Cowburn and John Mowry set out to serve the aviation community with an agile, client-centric approach that aligns with rapidly changing global [...]