SEOUL, June 29 (Korea Bizwire) — GS Caltex Corp. and Korean Air Co. joined hands to carry out test flights using bio jet fuel, the companies said Thursday, in the latest step in the green energy transition toward a reduced carbon footprint. The two companies signed the memorandum of understanding, under which the oil refiner [...]
SEOUL, June 26 (Korea Bizwire) – Korean Air Co., South Korea’s biggest carrier, said Monday it has delivered the first AH-6 helicopter fuselage commissioned by Boeing Defense, Space & Security (BDS). Korean Air signed a deal with Boeing in December 2021 to manufacture eight fuselages for AH-6 helicopters that will be assembled by BDS, the [...]
SEOUL, May 19 (Korea Bizwire) — The U.S. government is considering suing to block South Korean national flag carrier Korean Air Co.’s planned acquisition of its smaller domestic rival Asiana Airlines Inc. due to competition reasons, a news report has said. The two Korean airlines’ planned merger may harm competition on passenger and cargo traffic [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for the three months ended in March fell to 355.42 billion won from 543.85 billion won (US$406 million) during the same [...]
SEOUL, Feb. 28 (Korea Bizwire) — Korean Air Co., South Korea’s national flag carrier, announced on Monday the launch of eco-friendly cosmetics pouches made from upcycled life vests. The company released a limited number of cosmetics pouches in collaboration with local beauty brand 107. The upcycled pouches consist of a facial cleanser, a face mist, [...]
SEOUL, Feb. 1 (Korea Bizwire) — Korean Air Co., South Korea’s biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs. The national flag carrier posted a net profit of 1.73 trillion won (US$1.4 billion) last year, up [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s leading airline, Korean Air Co., said Monday he will focus on completing the acquisition of its smaller local rival, Asiana Airlines Inc., and preparing for pent-up post-pandemic travel demand. In November 2020, Korean Air signed a deal to acquire the controlling stake in Asiana [...]
SEOUL, Dec. 27 (Korea Bizwire) — China’s antitrust regulator has approved Korean Air Co.’s integration with smaller local rival Asiana Airlines Inc., with approval yet to come from four countries, Korean Air said Tuesday. The Ministry of Commerce of the People’s Republic of China (MOFCOM) has demanded the merged Korean Air-Asiana entity reduce its market [...]
SEOUL, Dec. 1 (Korea Bizwire) — Korean Air Co., South Korea’s top air carrier, said Wednesday that it had installed sleeper seats in the business class of its smaller aircraft for the first time among domestic airlines. The newly-installed seats have a 180-degree flat-bed function. Korean Air introduced the lie-flat seats for the Prestige class [...]
SEOUL, Nov. 14 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased virus curbs. On a consolidated basis, net profit for the three months ended in September jumped to 374.26 billion won (US$285 million) from [...]