SEOUL, Dec. 23 (Korea Bizwire) – Unionized pilots at South Korea’s largest flag carrier Korean Air Lines Co. continued their 10-day strike on Friday aimed at demanding better pay and improved working conditions. Some 190 pilots out of the total 2,300 at Korean Air took part in the second day of the strike scheduled to [...]
SEOUL, Dec. 21 (Korea Bizwire) – More than 130 scheduled flights with South Korea’s largest flag carrier Korean Air Lines Co. will be cancelled due to a walkout by unionized pilots, the transportation ministry said Wednesday. Unionized workers of Korean Air earlier said they will stage a 10-day walkout from Thursday. The scheduled strike follows [...]
SEJONG, Nov. 28 (Korea Bizwire) – South Korea’s antitrust regulator said Sunday it has imposed a collective fine of 1.43 billion won (US$1.2 million) on Korean Air Lines Co. for unfair practices involving two of its affiliates. The Fair Trade Commission (FTC) issued a correction order to the national flag carrier to address unfair deals [...]
SEOUL, Oct. 20 (Korea Bizwire) – Korean Air Lines Co. and Asiana Airlines Inc., the country’s two major air carriers, are being shunned by institutional investors in the local debt market as they fret over their high indebtedness, although their third-quarter earnings are forecast to be better than expected, industry sources said Thursday. According to [...]
SEOUL, Oct. 4 (Korea Bizwire) – South Korea’s air passenger traffic surged to a record monthly high in August with international passengers to and from the country also reaching a new all-time high, the government said Tuesday. Overall air passenger traffic came to 9.86 million in August, up 20.1 percent from the same month last [...]
SEOUL, Sept. 23 (Korea Bizwire) – Korean Air and Boeing have teamed up to develop the MD500 helicopter into an unmanned military chopper. According to the airline on Thursday, the two parties signed a memorandum of agreement for the enterprise which will run until 2017. Korean Air has successfully remodeled the local military’s MD500 choppers into [...]
SEOUL, Aug. 31 (Korea Bizwire) – South Korean airlines reduced their greenhouse gas emissions by over 280,000 tons in the first half of the year, cutting their use of fuel in the process, which reduced the travel cost for passengers, the government said Wednesday. Under a voluntary agreement, seven South Korean flag carriers, including industry [...]
SEOUL, Aug. 1 (Korea Bizwire) – Korea’s leading airline, Korean Air, set a new record for daily production of inflight meals on July 30. According to the airline, the company produced meals for 84,936 passengers on Saturday, breaking the previous record of 80,332 set just a few days earlier on July 27. Meal production has [...]
SEOUL, June 23 (Korea Bizwire) – South Korea said Thursday that it has agreed, in principle, with France to increase the number of weekly passenger flights between Incheon and Paris to 14 from the current 12. The deal was reached in a meeting of aviation officials between the two countries in Paris earlier this week, [...]
SEOUL, March 28 (Korea Bizwire) – Data shows that the number of Korean pilots who are currently accepting jobs at Chinese airlines has increased. Kim, a pilot who moved from Korean Air to a Chinese airline two years ago, commented that Chinese airlines choose safety as their priority and pay their pilots more money than airlines [...]