SEOUL, Jan. 18 (Korea Bizwire) — Korean Air Lines Co. announced that it had made a set of exclusive name tags using a dismantled aircraft, a first in South Korea. The country’s top flag carrier recently sold through its mileage mall the name tags made in April. The name tags were made using the skin [...]
SEOUL, Jan. 6 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will extend the expiration dates of mileage that expired at the end of 2020 and mileage that expires at the end of 2021 to 2022 amid the coronavirus pandemic. In June, Korean Air already extended mileage points due [...]
SEOUL, Jan. 6 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday its shareholders approved a plan to change the company’s articles of association to help finance its planned acquisition of smaller rival Asiana Airlines Inc. In an extraordinary shareholders’ meeting, 70 percent of the Korean Air stakeholders voted for the [...]
SEOUL, Dec. 16 (Korea Bizwire) — Korean Air Lines Co. and its labor union have agreed to freeze wages and put 70 percent of employees on furlough in the first half of 2021 to ride out the fallout of COVID-19, officials said Wednesday. About 70 percent of 12,600 employees at South Korea’s largest air carrier [...]
SEOUL, Dec. 9 (Korea Bizwire) — Korean Air Co., South Korea’s largest carrier, said Wednesday it has shipped a COVID-19 vaccine ingredient from Incheon to Amsterdam using its cold chain logistics as it gears up for upcoming deliveries of vaccines. A passenger flight transporting a Korean company’s vaccine ingredient departed from Incheon International Airport on [...]
SEOUL, Dec. 7 (Korea Bizwire) — Korean Air Lines Co. said Monday it will begin charging additional fees on emergency exit row seats when booking international flights next year. South Korea’s biggest carrier said on its website that optional fees will be charged on exit row seats with extra legroom, which are located in the [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it will conduct due diligence on Asiana Airlines Inc. until mid-March while drawing up an integration plan for the two airlines. Korean Air plans to raise 2.5 trillion won through rights offering early next year and spend 1.8 trillion [...]
SEOUL, Dec. 1 (Korea Bizwire) — A South Korean court on Tuesday rejected an injunction filed by a local equity fund against Hanjin KAL’s stock sales meant to fund its affiliate Korean Air Lines Co.’s takeover of smaller rival Asiana Airlines Inc., clearing one of the hurdles for the largest deal ever in the airline [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s biggest carrier Korean Air Lines Co.’s planned acquisition of the debt-laden Asiana Airlines Inc. requires approval from antitrust authorities in at least four other countries, industry sources said Sunday. According to the aviation industry sources and the Fair Trade Commission (FTC), the planned merger requires review from [...]
SEOUL, Nov. 20 (Korea Bizwire) — Creditors’ plan to sell the debt-laden Asiana Airlines Inc. to its bigger rival Korean Air Lines Co. faces a bumpy road as a local equity fund has filed an injunction against the plan. On Tuesday, Asiana’s main creditor, the Korea Development Bank (KDB), signed an investment agreement with Korean [...]