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Korean Air to sell duty-free and catering business for USD836M

Korean Air will sell its in-flight duty-free and catering subsidiary to Hahn & Company, a private equity investment company in South Korea, and is expected to receive 1 trillion KRW ( 836 million...


Ina Hladyshava

Back to normal? Airlines to relaunch Chinese operations

Resuming operations is on the agenda for international operators, despite Chinese travel restriction policy that is still valid....


AeroTime Team

Korean Air fears collapse due to coronavirus

Korean Airlines, the flag carrier of South Korea, has been heavily affected by the ongoing coronavirus outbreak, as at least 25 countries have imposed restrictions of entry to passengers from the country. The situation is so intense, that Korean Air is reportedly balancing on the brink of survival. ...


Clement Charpentreau

Korean Air to inspect A220 amid engine concerns

Korean Air announced that its fleet of ten Airbus A220s would undergo inspection as requested by U.S. engine manufacturer Pratt & Whitney. A day before, Swiss Air Lines temporarily grounded its aircraft after the third engine incident in less than six months....


Ruta Burbaite

South Korea’s activist fund KCGI mulls Asiana Airlines takeover

South Korea’s two largest carriers with, lately, not so shiny of a reputation, may now be joining forces. Activist fund KCGI, the no. 2 shareholder in parent company of national carrier Korean Air Lines, is reportedly considering taking over rival Asiana Airlines, local media sources indicate....


Paris Air Show

Korean Air to acquire 30 Boeing 787 Dreamliners

Boeing, Korean Air and Air Lease Corporation announced on June 18, 2019, at the Paris Air Show the airline plans to add 30 new 787 Dreamliner airplanes to its fleet, with a commitment to purchase 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion at current list prices....


Zivile Zalagenaite

Cho Yang-ho, head of Korean Air dynasty, dies

Cho Yang-ho, Korean Air chairman, has died due to illness at a hospital in the United States on April 8, 2019. The 70-year old had been suffering from chronic lung disease. The news comes weeks after Cho was voted off Korean Air board.  ...


AeroTime Team

Korean Air’s bittersweet 50th anniversary

Korean Air chairman Cho Yang-ho was ousted from Korean Air board on March 27, 2019. Ironically enough, March 2019 is also the month when Korean Air celebrates its 50th anniversary, inherently connected to Cho and his family....


AeroTime Team

Two biggest South Korean airlines shaken by top ranks changes

The heads of South Korea’s two biggest airlines left their seats within a week, amid financial scandals. Chairman and co-CEO of Asiana Airlines, the second biggest airline in South Korean, just quit his position after accounting scandal at the airline. Less than a week before, the head of the country’s flag carrier Korean Air was ousted from the company’s board as he is being investigated for embezzlement.  ...


Zivile Zalagenaite

Korean Air to raise no-show penalties after K-pop fans incident

It appears that Korean Air has had enough with no-shows. South Korea’s national carrier wants to impose new monetary penalties on passengers starting this new year, if the government approves. The initiative coincides with a recent incident when K-pop fans not only halted a flight for over an hour, but also claimed compensation from the airline....