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....
Another scandal hits the largest airline and flag carrier of South Korea, and this time it involves the man at the top. Korean Air Lines Chairman and CEO is set to stand trial in an embezzlement case as prosecutors say he took millions-of-dollars in fees meant for the carrier by unfairly awarding contracts to family-owned businesses. ...
Jin Air, the budget affiliate of Korean Air, may lose its Air Operator’s Certificate (AOC) due to the fallout from an alleged incident involving the daughter of the airlines’ controlling family, who served on the budget carrier's board of directors for six years despite being ineligible for the post, a government investigation has discovered....
_crop.jpg "Korean Air: from raging heiresses to chief’s embezzlement probe")
