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...

FLAGGING KOREAN AIRLINES TO BEGIN TOUTED ‘INTERNATIONAL SIGHTSEEING FLIGHTS’ OVER THE WEEKEND

• Local airlines will begin functioning amid "international sightseeing flights" this weekend to improve their turnover as the prolonged COVID-19 pandemic weighs upon the aviation industry.
• The special flights fly passengers over other countries and then come back to Ko...

KOREAN AIR BUYING CASH-STRAPPED ASIANA AIRLINES’ LONG-HAUL OPERATIONS

• With major lenders of Asiana Airlines failing to find a potential buyer for the cash-strapped carrier, an understandable scenario is surfacing that the Korea Development Bank (KDB) will let Korean Air manage Asiana's long-haul business, industry sources said Friday.
• The pre...

SOUTH KOREAN AIRLINES WILL FLY AGAIN TO SELECT DESTINATIONS

Highlights –

• After a 3-month halt, South Korean airlines will start its services again.
• Korean Air and Asiana Airlines will fly to selective international routes.
• The airline will not fly in full cabin capacity.
• Only 20 per...

SOUTH KOREAN AIR CARRIER'S PLAN TO LEASE NEW AIRCRAFT HIT COMMOTION

Highlights –

• COVID-19 has created a commotion among South Korean air carriers plans to lease new aircrafts
• Air Busan had signed up to lease two Airbus 321 Neo LR aircrafts
• Korean Air said is also contemplating reviewing its plan to i...

HCD HYUNDAI’S ASIANA AIRLINES ACQUISITION COULD ALTER THE REFINERY MARKET

Highlights –

• HCD Hyundai acquires Asiana Airlines
• Speculations on change of jet fuel sources
• Hyndai OilBank may be used as source for fuel

HCD Hyundai Development Co. has acquired the controlling stakes of full-service carrier Asiana...