SEOUL, Oct. 14 (Korea Bizwire) — Low-cost carriers (LCCs) will be a key growth driver for South Korea’s commercial aviation market and take the lead in the Northeast Asian region market, a Boeing executive said Monday. South Korean LCCs are currently leading the Northeast Asian commercial aviation market, accounting for 65 percent of the entire [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korea joined other countries to ban all Boeing 737 Max aircraft from its airspace due to safety concerns, the transport ministry said Friday. On Thursday, the Ministry of Land, Infrastructure and Transport issued a Notice to Airmen (NOTAM) to inform pilots and airline operators of its decision to [...]
SEOUL, Mar. 14 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest airline, said Thursday that it will not operate B737 Max 8s to be delivered in the coming months until safety issues are fully settled. Korean Air plans to add six B737 Max 8s to its fleet this year, with the first delivery [...]
SEJONG, Mar. 11 (Korea Bizwire) — South Korea said Monday it has launched a probe into two B737 MAX 8 passenger planes as a precaution following the crash of an Ethiopian Airlines jet. A team of four officials visited Eastar Jet Co., a South Korean low-cost carrier, and began to look into the autopilot and [...]
SEOUL, Mar. 21 (Korea Bizwire) — U.S. aircraft manufacturer Boeing said Wednesday it plans to establish its seventh overseas technology research center in South Korea this year due to the country’s technological prowess and innovation policies. “Korea is home to premier talent and industrial partners, as well as policies that foster innovation development. These factors [...]
SEOUL, Mar. 19 (Korea Bizwire) — U.S. aircraft maker Boeing Co. said Friday that it expects rising demand for its single-aisle passenger jets in South Korea due to growth of low-cost carriers (LCCs). At a press conference in Seoul, Boeing forecast the Korean civil aviation market to continue to grow this year after posting an [...]
SEOUL, Oct. 19 (Korea Bizwire) – Korean Air Lines Co. has signed a deal to partner with Boeing Co. to cooperate on technology in upgrading the CH-47 Chinook helicopter, the company said Thursday. The Korean flag carrier and the U.S. aircraft manufacturer signed a memorandum of understanding (MOU) for the partnership at the Seoul International Aerospace & Defense Exhibition (ADEX) 2017 being held in Seongnam, just south [...]
SEOUL, March 12 (Korea Bizwire) – Korean Air Lines Co., South Korea’s top flag carrier, said Sunday that its new Boeing 787-9 passenger jet has started service on a domestic route. Late last month, the airline introduced the Boeing 787-9 Dreamliner, the latest of its series, with 50 percent of its body made of reinforced [...]
SEOUL, Feb. 24 (Korea Bizwire) – The latest business focus of two major South Korean airlines – Korean Air Lines and Asiana Airlines - has been on acquiring new aircraft models with better fuel efficiency and lower carbon emissions, a measure seen as crucial to their bottom line and ability to sustain growth in the [...]
SEOUL, Sept. 23 (Korea Bizwire) – Korean Air and Boeing have teamed up to develop the MD500 helicopter into an unmanned military chopper. According to the airline on Thursday, the two parties signed a memorandum of agreement for the enterprise which will run until 2017. Korean Air has successfully remodeled the local military’s MD500 choppers into [...]