SEOUL, Nov. 14 (Korea Bizwire) – European aerospace giant Airbus SE said Tuesday it has been “actively” engaged with the South Korean government to set up a research and development (R&D) center in the country as it seeks to enhance partnerships with local companies. Airbus has said it aims to be a partner of choice [...]
SEOUL, Oct. 31 (Korea Bizwire) — Although announced nearly three years ago by the South Korean government, the proposed merger of Korean Air Co. and Asiana Airlines Inc., the country’s two full-service carriers, still faces a tough uphill battle in securing regulatory approval across key markets. In November 2020, Korean Air signed a deal to [...]
SEOUL, Oct. 30 (Korea Bizwire) — The board of Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide Monday on whether to sell its cargo business, as Korean Air Co. seeks to win antitrust approval from European Union regulators for its takeover of the rival. The EU antitrust regulators have raised concerns that [...]
SEOUL, Oct. 24 (Korea Bizwire) — Unionized workers of Asiana Airlines Inc. on Tuesday protested the company’s merger deal with its larger rival Korean Air Co., as the company is expected to soon decide whether to sell its cargo division to win antitrust approval from European Union (EU) regulators for the two carriers’ merger. At [...]
SEOUL, Oct. 23 (Korea Bizwire) – The Asiana Airlines board meeting scheduled for October 30 is poised to become a pivotal event in the merger between Korean Air and Asiana Airlines. If the proposal to sell Asiana Airlines’ cargo business in compliance with the European Union’s (EU) request is rejected, the merger between the two airlines, [...]
SEOUL, Oct. 20 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest air carrier, plans to decide on whether to sell its cargo business later this month, as Korean Air seeks to win antitrust approval from European Union (EU) regulators for its takeover of the rival, industry sources said Friday. Asiana is set to hold [...]
SEOUL, Aug. 21 (Korea Bizwire) — Korean Air Co., South Korea’s leading carrier, has begun the practice of weighing each passenger on both domestic and international flights to enhance safety measures and decrease fuel expenses. The airline said Sunday it plans to gauge the typical passenger weight, including carry-on luggage, on domestic flights at Gimpo [...]
SEOUL, Aug. 20 (Korea Bizwire) — The combined value of unused miles at South Korea’s two major air carriers reached 3.4 trillion won (US$2.5 billion) as of the first half of 2023, data showed Sunday, amid the extension of expiry dates after the COVID-19 pandemic disrupted international travel. The amount of the deferred income of [...]
SEOUL, Aug. 12 (Korea Bizwire) — Korean Air Co., South Korea’s leading carrier, said Friday it has enhanced its cash and miles program to allow its customers to redeem more miles when purchasing tickets. Starting Thursday, Korean Air increased the maximum amount of redeemable miles to 30 percent from the existing 20 percent, the company [...]
SEOUL, July 27 (Korea Bizwire) — Korean Air Co. said Wednesday it will introduce KAL’s Lager, a craft beer developed in-house, to passengers in September. The South Korea’s top air carrier collaborated with Playground Brewery to create the craft beer. Commencing from Thursday, KAL’s Lager will be available for purchase at Emart 24 convenience stores [...]