All Nippon Airways (ANA) and Air Incheon have officially launched a codeshare agreement on freighter services connecting Japan and South Korea, effective September 15, 2025. The collaboration enables both carriers to sell cargo space on flights operated by either airline, creating greater flexibility and expanding options for shippers between the two markets. By combining the strengths of their…
AirZeta, formerly known as Air Incheon, has officially completed the acquisition of Asiana Airlines’ cargo divisionand begun operations under its new identity. The transaction, valued at $322.5 million, was finalized on 1 August 2025, following the formal transfer of all rights and obligations related to Asiana’s international freighter cargo operations the day before.
Hyundai Glovis, the South Korean logistics and transport affiliate of Hyundai Motor Group, has strengthened its commitment to the aviation cargo sector by increasing its investment in the Socius Korea Investment No. 1 Corporate Financial Stability Private Equity Partnership. The fund is the major backer of Air Incheon, which is in the process of acquiring Asiana Cargo. With…
Air Incheon (South Korea) has nearly finalized the financing required to acquire Asiana Cargo (South Korea). This critical funding milestone involved the participation of approximately ten companies and saw Hyundai Glovis (South Korea) spearhead the effort by raising a total of US$434 million.
Asiana Cargo, the cargo division of South Korea’s Asiana Airlines, is in the final stages of its acquisition by Air Incheon, marking a pivotal moment in the consolidation of the country’s air freight market. Following regulatory approvals by the Ministry of Land, Infrastructure and Transport (MLIT), the unified cargo airline is expected to officially launch in July 2025.
Air Incheon, a South Korean cargo airline, has expanded its fleet by acquiring a Boeing 747-400F freighter, previously operated by Asiana Airlines. The aircraft, bearing the serial number 25782, was recently delivered on lease as part of Air Incheon’s strategy to strengthen its long-haul cargo capabilities. The carrier plans to deploy the aircraft into commercial service in June 2025, increasing…
Air Incheon (South Korea) has submitted an application to the US Department of Transportation (DOT) seeking a foreign air carrier permit and an exemption. The approval would authorize Air Incheon to conduct both scheduled and on-demand charter foreign air transportation between South Korea and the United States.
Air Incheon, South Korea’s dedicated cargo airline, has appointed Kim Kwan-sik as its new Chief Executive Officer (CEO). This strategic appointment aims to leverage Kim’s extensive financial expertise to facilitate the airline’s acquisition of Asiana Airlines’ cargo business, a move set to position Air Incheon as a leading player in the nation’s air cargo industry.
Air Incheon (South Korea) is set to amend its Air Operator’s Certificate (AOC) by March 2025. This strategic move comes as the airline prepares for the transfer of freighters from Asiana Airlines (South Korea), enhancing its cargo operations.
Hyundai Glovis, a major shareholder in South Korea’s Air Incheon, is set to evaluate its preemptive acquisition rights for the airline. This decision will be made based on Air Incheon’s advancements in operational improvements, the profitability of Asiana Cargo, and planned aircraft replacements, all of which are key indicators of the airline’s future potential and…
