SEOUL, Oct. 23 (Korea Bizwire) — Korean Air Co. said Thursday it has completed a $217 million investment in the parent companies of WestJet Airlines Ltd., Canada’s second-largest carrier, as part of a broader push to strengthen its network and partnerships across North America. The deal gives Korean Air a 10% equity stake in Kestrel Topco [...]
SEOUL, Oct. 22 (Korea Bizwire) – Korean Air Co. signed a partnership framework with U.S. defense giant Lockheed Martin Corp. on Wednesday to provide follow-on maintenance support for U.S. military aircraft, expanding its role as a key maintenance partner in the Indo-Pacific region. A signing ceremony for the framework took place at the Seoul International [...]
SEOUL, Oct. 7 (Korea Bizwire) – Korean Air Co., South Korea’s largest flag carrier, has signed a research cooperation agreement with Swedish flight-tracking company Wingbits to support airspace integration research for advanced air mobility (AAM), a release from the Stockholm-based company showed Tuesday. Under the agreement signed last month, Korean Air’s research and development (R&D) [...]
SEOUL, Aug. 26 (Korea Bizwire) — Korean Air Co. said Tuesday it has signed a US$50 billion agreement to purchase over 100 new planes and aircraft spare engines from Boeing Co. and GE Aerospace during President Lee Jae Myung’s visit to Washington. The deal, the largest in the airline’s history, builds on Korean Air’s previous [...]
SEOUL, Aug. 21 (Korea Bizwire) — Korean Air Co. said Thursday it has partnered with LIG Nex1 Co. to compete for a 1.78 trillion-won (US$1.27 billion) government project to develop an electronic warfare aircraft for the Air Force. The two companies plan to submit their final proposal for the project in early September. If chosen [...]
SEOUL, Aug. 14 (Korea Bizwire) — Korean Air Co. said Thursday it has completed the first stage of a large-scale lounge renewal project at Incheon International Airport, introducing redesigned spaces to enhance the preflight experience for customers. The overhaul at the airport, South Korea’s main gateway west of Seoul, includes the fully renovated Miler Club [...]
SEOUL, Aug. 7 (Korea Bizwire) — HD Hyundai Co. and Korean Air Co. on Thursday announced separate agreements with U.S. defense technology firm Anduril Industries Inc. to jointly develop unmanned defense platforms, in a push to expand their presences in the field of military systems based on artificial intelligence (AI). HD Hyundai, a South Korean [...]
SEOUL, July 11 (Korea Bizwire) — Korean Air Co., South Korea’s leading air carrier, said Friday its net profit for the second quarter grew 13.4 percent from a year earlier thanks to stable demand in the company’s passenger services. The company’s net profit for the April-June period totaled 395.9 billion won (US$288.1 million) on a [...]
SEOUL, June 12 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday that it has rejected a proposed mileage integration plan submitted by Korean Air Lines Co. and Asiana Airlines Inc., citing insufficient details and consumer benefit concerns. The Fair Trade Commission (FTC) said the plan, submitted earlier in the day as part of the [...]
SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]