SEOUL, July 7 (Korea Bizwire) — Korean Air Lines Co., the country’s biggest carrier, said Tuesday it will sell its in-flight catering and duty-free business to a private equity fund amid the growing impact of the coronavirus on the airline industry. Korean Air’s board of directors signed a memorandum of understanding with Hahn & Company [...]
SEOUL, June 18 (Korea Bizwire) — Korean Air Lines Co. and Asiana Airlines Inc. — South Korea’s two largest airlines — said Thursday they will extend mileage points, set to expire this year, by one year amid the new coronavirus outbreak. The two carriers made the decision as the COVID-19 pandemic has greatly affected passenger [...]
SEOUL, June 11 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest airline, said Thursday it will extend unpaid leave for its flight attendants in the latest move to cope with a sharp decline in air travel demand amid the spread of the coronavirus. Korean Air said all flight attendants who have worked for [...]
SEOUL, June 10 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Wednesday it has started boarding passengers from back to front to help stem the potential spread of the new coronavirus. On Wednesday, Korean Air began to apply the back-to-front boarding system on all of its domestic and international routes to [...]
SEOUL, June 1 (Korea Bizwire) — Korean Air Lines Co., the country’s top flag carrier, launched a new notification service on Monday for all international passengers departing from Incheon International Airport enabling them to check that their luggage is safely loaded onto the aircraft. Passengers can use a Korean Air mobile app to see if [...]
SEOUL, May 15 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest airline, said Friday it will require all passengers on domestic routes to wear masks on board beginning next week. Korean Air has joined its global peers, like United Airlines Inc. and American Airlines Inc., to adopt the rules requiring masks to stem [...]
SEOUL, May 13 (Korea Bizwire) — Korean Air Lines Co. said Wednesday it will raise 1 trillion won (US$820 million) by selling stocks as part of self-help measures amid the growing coronavirus impact on the airline sector. The rights issue is one of the options that Korean Air has reviewed to raise the capital needed [...]
SEOUL, May 7 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier by sales, said Thursday it will reopen dozens of its international routes next month amid signs the coronavirus epidemic may have passed its peak. Korean Air plans to resume flights on 19 international routes on June 1 as the country’s top [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Lines Co., the country’s top flag carrier, will draw up a 1.5 trillion won (US$1.23 billion) self-rescue plan, including a 1 trillion won stock offering, this month in return for massive financial support from two state lenders, industry sources said Sunday. Last month, the Korea Development Bank [...]
SEOUL, April 24 (Korea Bizwire) — South Korea’s two state-owned lenders said Friday that they will inject 1.2 trillion won (US$972 million) into the country’s top airline, Korean Air Lines Co., to help the company weather the impact of the COVID-19 outbreak on the airline sector. The Korea Development Bank (KDB) and the Export-Import Bank [...]