SEOUL, Aug. 1 (Korea Bizwire) — Delta Air Lines, Inc. said Thursday it has increased its stake in Hanjin KAL, the parent company of Korean Air Lines Co., in what it called a just investment. In a report to the bourse operator, the Korea Exchange, Delta said it increased its stake in Hanjin KAL to [...]
SEOUL, Jul. 29 (Korea Bizwire) — Korean Air Lines Co., South Korea’s top carrier, said Monday it will suspend its Busan-Sapporo route from September as travel demand to Japan declines amid escalating trade tension between the two nations. Korean Air plans to cease its three regular weekly flights between the Korean southern port city and [...]
SEOUL, Jun. 21 (Korea Bizwire) — Delta Air Lines Inc.’s surprise move to invest in Hanjin KAL, the parent company of its joint venture partner Korean Air Lines Co., will help its partner fend off growing pressure from a local activist fund to change its leadership and improve its corporate governance, industry sources said Friday. [...]
SEOUL, Jun. 19 (Korea Bizwire) — Korean Air Lines Co. said Wednesday it has signed a deal to purchase 30 B787 passenger jets to modernize its fleet, with delivery set to begin next year. Korean Air signed a memorandum of understanding with Boeing to purchase 20 B787-10 planes and 10 B787-9s at the 53rd International [...]
SEOUL, Jun. 3 (Korea Bizwire) — Korean Air Lines Co. is looking at Asiana Airlines Inc., which is up for sale by its parent company, Kumho Asiana Group, the national flag carrier’s chairman said Monday. “It is a very sensitive issue to comment on but we are looking at the deal,” Korean Air Chairman Cho [...]
SEOUL, May 1 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Wednesday it will start reducing first class cabins on some international routes next month in a move to operate routes effectively and boost profitability. Airlines traditionally have three travel classes — first, business and economy. Korean Air has provided [...]
SEOUL, Apr. 24 (Korea Bizwire) — The only son of late Korean Air Lines Co. Chairman Cho Yang-ho was named as new chief of Hanjin Group, the airline’s parent company, the logistics-centered group said Wednesday. The board of Hanjin KAL, the group’s holding company, appointed Cho Won-tae, 44, as the group’s new chairman, replacing his [...]
SEOUL, Apr. 8 (Korea Bizwire) – Korean Air Lines Co. Chairman Cho Yang-ho has died of a chronic illness, less than two weeks after he was removed from the national flag carrier’s board, the company said Monday. Cho, 70, died from a lung disease in the United States on Sunday. Korean Air said it would [...]
SEOUL, Apr. 1 (Korea Bizwire) — Korean Air Lines Co. has stopped providing peanuts onboard its flights to protect passengers with allergies. Beginning on March 25, Korean Air replaced the famous ‘honey peanuts’ provided to passengers with crackers. In addition, peanut-related recipes will be excluded from all meals provided to the passengers. Passengers with severe [...]
SEOUL, Mar. 27 (Korea Bizwire) — Korean Air Lines Co. shareholders’ decision to oust Chairman Cho Yang-ho from the company’s board is expected to further stimulate shareholder activism in Asia’s fourth-biggest economy, market watchers said Wednesday. Shareholders of the national flag carrier voted against an extension of Cho’s tenure as representative director in a landmark [...]