South Korea will support smaller airlines and monitor market competitiveness after dominant carrier Korean Air completed a $1.3 billion acquisition of Asiana Airlines on Thursday to create one of Asia's biggest carriers.
Korean Air said on Thursday it had completed its protracted purchase of South Korean rival Asiana Airlines, making it one of Asia's biggest carriers. The 1.8 trillion won ($1.3 billion) deal, the longest-ever merger to complete between airlines,
Korean Air has reached 30 years of connecting South Korea and China, commemorating the event at four airports across China
Find out about the mega-merger between Korean Air and Asiana Airlines and its implications for the global airline industry.
South Korean airlines recorded 14,820 air turbulence events, which made up 72% of the total from the previous year.
Korean Air said it had completed the payment of a total of 1.5 trillion won for a 63.88% stake in Asiana.
South Korea's flag carrier Korean Air said Thursday it had bought a majority stake in rival Asiana Airlines for $1 billion, making it the effective owner four years after first expressing its
Surprisingly, American Airlines operates just one route to South Korea, connecting Seoul Incheon International Airport (ICN) with its hub at Dallas/Fort Worth International Airport (DFW). On this route, the oneworld carrier competes with Korean Air.
KAI said on Monday that it has signed a 136 billion won ($93.7 million) deal to provide Iraq with KUH helicopters.
The Iraqi Prime Minister and officials of Korea Aerospace Industries discussed on Monday strategies to enhance Iraq’s air defense systems.
The U.S. Air Force's 51st Fighter Wing has scheduled Osan Air Power Days 2025 in May as North Korea continues developing missile technology while calling South Korea a hostile adversary.
Korean Air marks the 30th anniversary of its service to China. Korean Air has been operating 27 routes to China, serving as a bridge between South Korea and China.