Competition Heats Up For Korean UAM Market

By Graham Warwick Nov 17, 2021
With the South Korean government making a proactive effort to commercialize urban air mobility by 2025, two consortiums have announced plans to develop and test the required ecosystem.
Urban & Unmanned Aviation

Korean Air Withdraws From AAPA In Efficiency Drive

By Adrian Schofield Sep 13, 2021
Korean Air has opted to leave the Association of Asia Pacific Airlines (AAPA) as it adjusts its industry group commitments following the impact of the COVID-19 crisis.
Airlines & Lessors

Record Cargo Revenue Drives Korean Air Quarterly Profit

By Adrian Schofield Aug 13, 2021
Korean Air has managed to achieve another second quarter (Q2) net profit, with the result once again based on strong performance in the cargo sector.
Airlines & Lessors

South Korea Studying Satellite Launch from Commercial Aircraft 

By Chen Chuanren Jul 20, 2021
Korean Air and Seoul National University have been commissioned by the Republic of Korea Air Force to explore using the Boeing 747-400 passenger aircraft for an air launch system, similar to Virgin Orbit's LauncherOne.
Space

Daily Memo: Asian Carriers Push Green Projects Despite Pandemic

By Adrian Schofield Jul 08, 2021
Recent examples show that airlines in Asia-Pacific are willing to devote resources to sustainability efforts at a time when they are also looking under every rock to cut costs.
Airlines & Lessors

South Korean Capital, Hyundai Partner On UAM

By Graham Warwick Jun 16, 2021
Automaker Hyundai and the Seoul metropolitan government have signed a memorandum of understanding to enable the development of urban air mobility (UAM) in the South Korean capital.
Urban & Unmanned Aviation

Korean Air Looks To Defer All 2021 Aircraft Deliveries | 大韓航空、2021年の新造機デリバリーを延期か

Feb 14, 2021
大韓航空は、予定されている新造機デリバリーの延期および一部リース機の返却により、今年もまた旅客機フリートの削減を計画している。
Air Transport & MRO

Korean Air Looks To Defer All 2021 Aircraft Deliveries

By Adrian Schofield Feb 10, 2021
Korean Air plans to reduce its passenger fleet again this year by delaying scheduled deliveries and returning some aircraft to lessors.
Aircraft & Propulsion

Cargo Strength Helps Korean Air Post 2020 Operating Profit

By Adrian Schofield Feb 04, 2021
Korean Air has managed to achieve an operating profit in 2020 despite the disruption of the COVID-19 crisis, and the South Korean carrier also succeeded in more than halving its annual net loss.
Airlines & Lessors

Court Rejects Challenge To Korean Air-Asiana Merger

By Adrian Schofield Dec 01, 2020
A potential hurdle for the proposed Korean Air-Asiana Airlines merger has been removed after the dismissal of a legal challenge that was filed against the deal.
Airlines & Lessors

Korean Air Plans To Acquire Asiana In $1.6B Deal

By Adrian Schofield Nov 16, 2020
The COVID-19 crisis is set to spark major consolidation in the South Korean airline industry, with Korean Air planning to purchase struggling rival Asiana Airlines.
Airlines & Lessors

Korean Air Signs Sale Deal For Inflight Services

By Adrian Schofield Aug 26, 2020
Korean Air has reached an agreement to sell its inflight catering and duty-free businesses, valuing them at KRW990.6 billion ($835 million).
Airlines & Lessors

Freighter Operations Drive Korean Air Profit

By Adrian Schofield Aug 07, 2020
Korean Air has managed to buck industry trends by achieving a net profit for the second quarter, thanks mainly to a strong performance by the carrier’s cargo unit.
Airlines & Lessors

Korean Air Names Preferred Buyer For Catering Operations

By Adrian Schofield Jul 07, 2020
Korean Air has selected a buyer for its inflight catering and duty-free business as part of measures to improve liquidity and meet debt obligations.
Airlines & Lessors

Korean Air To Apply For New State Funding

By Adrian Schofield Jul 06, 2020
Korean Air has been cleared to seek additional financing from a new government assistance fund that should help the carrier stay afloat through the COVID-19 crisis.
Airlines & Lessors

Korean Air Slips To Steeper First Quarter Loss

By Adrian Schofield May 15, 2020
Korean Air predicts losses seen in the 2020 first quarter (Q1) will continue though the current quarter, although there are some positive signs for passenger demand emerging.
Airlines & Lessors

Korean Air Increases Liquidity Cushion With Planned Share Issue

By Adrian Schofield May 13, 2020
Korean Air has decided on a substantial issue of new shares as part of its efforts to raise KRW2.2 trillion ($1.8 billion) in funds to boost liquidity during the COVID-19 crisis.
Airlines & Lessors

Korean Air Targets International Flight Resumptions

By Adrian Schofield May 07, 2020
Korean Air plans to restore some international routes in June that have been suspended due to COVID-19 travel restrictions. The carrier’s flight cuts…
Airports & Routes

State Bank Grants Financial Aid For Korean Air

By Adrian Schofield Apr 24, 2020
Korean Air is the latest carrier to be offered a major state-backed financial support package to help it survive the COVID-19 crisis.
Airlines & Lessors

Korean Air Resumes Some Suspended Domestic Flights

By Adrian Schofield Apr 13, 2020
Korean Air plans to reinstate some previously suspended domestic flights in May, a sign that domestic demand is beginning to recover from the COVID-19 crisis in South Korea.
Airlines & Lessors

Korean Air Furloughs 70% Of Staff As Capacity Plummets

By Adrian Schofield Apr 08, 2020
Korean Air is putting about 70% of its South Korea-based workforce on leave for up to six months to match the heavily reduced scale of its operations.
Airlines & Lessors

Korean Air’s New IT System Enables Remote Working Amid Pandemic

By Adrian Schofield Apr 06, 2020
Korean Air’s transition to a cloud-based IT network has improved its employees’ ability to work from home during the COVID-19 crisis, the South…
Airlines & Lessors

Korean Air’s Cho Retains Hanjin Leadership After Challenge Fails

By Adrian Schofield Mar 27, 2020
Korean Air chairman and CEO Walter Cho has succeeded in repelling a challenge to his leadership from a coalition of shareholder groups allied with his sister Heather Cho.
Airlines & Lessors

Korean Air Cuts Executive Pay, Targets Additional Revenue

By Adrian Schofield Mar 25, 2020
Korean Air is introducing new measures to reduce its costs and boost revenue to offset the sharp drop in demand caused by the COVID-19 pandemic.
Airlines & Lessors

Korean Air Parent Calls For Investigation Into Activists

By Adrian Schofield Mar 17, 2020
Korean Air’s parent company Hanjin KAL has hit back with regulatory complaints against two shareholders that are attempting to take over management control of the flag carrier.
Airlines & Lessors