Korean Air CEO to Be Promoted After Merger

ByAdmin 15/01/202517/01/2025

Korean Air CEO Woo Kee-hong is set to be promoted to vice chairman upon the completion of Korean Air’s corporate merger with Asiana Airlines. This promotion highlights the strategic importance of the merger, which aims to consolidate the two major South Korean carriers into a globally competitive airline.

The merger process has been closely monitored by industry analysts and stakeholders, as it represents one of the most significant restructuring efforts in South Korea’s aviation history. Once finalized, the combined entity is expected to create a stronger global presence for Korean Air and enhance its ability to compete with international carriers.

Please SUBSCRIBE to view the full content.
First month of membership is free!

Airlines | Financial | Flag Carrier | Quarterly Performance

Air Canada Reports Third Quarter 2024 Financial Results

ByAdmin 01/11/202404/11/2024

Air Canada has released its financial results for the third quarter of 2024, reporting operating revenues of $6.1 billion, a 4% decrease compared to the same period in 2023. The airline achieved an operating income of $1.04 billion and an adjusted EBITDA of $1.523 billion, reflecting year-over-year declines of $375 million and $307 million, respectively.

Airbus | Airlines | Network

Arkia to Operate A330-900 on Tel Aviv–New York Route

ByAdmin 14/01/202514/01/2025

Arkia (Israel) has announced plans to operate an A330-900 aircraft from Iberojet (Spain) on behalf of TechAir (Israel). The widebody aircraft will be deployed on the Tel Aviv–New York route, with operations scheduled from 08 February to May 2025.

Airlines | ATR | Wet Lease

Austrian Airlines Extends Wet Lease Agreement with BRA

ByAdmin 19/01/202522/01/2025

Austrian Airlines has announced an extension of its wet leasing cooperation agreement with Sweden-based carrier BRA (Braathens Regional Airlines) until 2027. The partnership, which began nearly a year ago, involves BRA operating three ATR72-600 aircraft on behalf of Austrian Airlines.

Airlines | Crisis | Sale

Spirit Airlines Gets Approval to Sell Aircraft to GA Telesis

ByAdmin 29/11/202402/12/2024

Spirit Airlines (US) has received court approval to sell five of the 23 aircraft it has deemed surplus to requirements to GA Telesis (US). The agreement is part of a broader deal that could generate $518.9 million for the airline if all the aircraft are sold.

Airlines | Management

Bees Airlines AOC Suspended by Romanian CAA

ByAdmin 15/01/202517/01/2025

Bees Airlines (Romania) has had its Air Operator Certificate (AOC) suspended by the Romanian Civil Aviation Authority (CAA) following the abrupt cancellation of all scheduled commercial flights. The suspension of the AOC marks a significant setback for Bees Airlines, halting its operations and raising concerns about its future viability. This decision by the Romanian CAA underscores the regulatory body’s commitment…

Airlines | Financial | Loan

Asiana Airlines to Repay Loans Ahead of Schedule

ByAdmin 16/12/202417/12/2024

Asiana Airlines, based in South Korea, has announced plans to repay $976 million in loans from creditor banks earlier than initially scheduled. This significant financial move is expected to reduce the airline’s debt ratio by more than 1000%, marking a major step in its financial restructuring efforts.

Airlines | Financial | Flag Carrier | Quarterly Performance

Similar Posts