KOREAN AIR GETS OVERSEAS APPROVAL FOR THE ACQUISITION OF ASIANA AIRLINES

Highlights –

• Korean Air gets overseas approval for the acquisition of Asiana Airlines.
• Korean Air last week received its first approval from Turkey.
• Korean Air is yet to seek approval from 8 other countries.
• The airline pla...

KFTC REVIEW THE DEAL BY KOREAN AIR TO BUY ASIANA AIRLINES INC.

Highlights –

• KFTC review the deal by Korean Air to buy Asiana Airlines Inc.
• KFTC will see if the merger could constitute a monopoly or hurt market competition.
• Korean Air in November 2020 said that it will acquire its smaller rival As...

KOREAN AIR TO GET FINANCIAL AID OF $828 MILLION

HIGHLIGHTS

• To keep Korean Air Lines Co. afloat, South Korean government has decided to offer a financial aid to the flagship airline service.
• The outspread of coronavirus has frozen the operations of many businesses and airline services are no excepti...

Show off of a smarter travel application; Fly Delta application by Delta Air Lines

Over the period of the past few years, we have seen many new firms coming to CES for brandishing their consumer electronics cuts as they had to face enormous disruptions owing to the new technologies. The most evident proof of this is the car industry, now which has a significant presence at both...

Delta Reports Stronger Than Expected Quarterly Results

Delta Air Lines (NYSE: DAL) announced its first quarter financial results. The Company reported-better than-expected revenue and earnings.  For the first quarter, Delta reported earnings of USD 96 cents per share on revenue of USD 10.47 Billion. Refinitiv analysts polled for earnings of USD 90 cents...