Korean Air has taken a major step in reshaping its cargo operations by signing an agreement with Boeing for the purchase of eight new 777-8F freighters. The deal underscores the carrier’s strategy to balance both fleet renewal and growth, ensuring that it remains competitive in the global cargo market as demand patterns evolve.
Korean Air has announced its largest-ever aircraft order with Boeing, committing to purchase 103 new jets as part of its long-term growth strategy and the integration of Asiana Airlines.
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.
KDB Industrial Bank, a leading South Korean state-owned financial institution, has confirmed its intention to divest its 10.58% equity stake in Hanjin KAL, the parent company of Korean Air, once the pending merger between Korean Air and Asiana Airlines reaches its conclusion. The earliest timeline for this divestment is projected to be late 2026, depending on regulatory approvals and finalization of the…
Asiana Airlines has announced a strategic financial reinforcement of its subsidiaries Air Seoul and Air Busan. The South Korean flag carrier will participate in a US$127 million paid-in capital increase for Air Seoul through a shareholder allocation. This transaction will provide Asiana with an additional 36 million common shares, raising its total investment in the airline to approximately $170 million. The move strengthens Asiana’s…
Hanjin Group Chairman Cho Won-tae has officially stated that Air Busan (South Korea) will not be sold as a separate entity, reinforcing the group’s commitment to maintaining its aviation portfolio. Amid speculation about potential restructuring or divestment, Cho’s remarks affirm that Air Busan will remain under Hanjin Group’s control, ensuring stability for the airline.
In the wake of the Korean Air-Asiana Airlines merger, Korea’s Fair Trade Commission (KFTC) and the Ministry of Land, Infrastructure, and Transport (MOLIT) have formalized a business agreement to jointly monitor the implementation of corrective measures required as part of the merger approval process. This cooperation aims to ensure fair competition and compliance with aviation regulations following the integration of Korea’s two largest airlines.
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…
Asiana Airlines (South Korea) has successfully repaid $2.6 billion in loans received from the Export-Import Bank of Korea, the Key Industrial Stability Fund, and the Korea Development Bank. The repayment eliminates a major financial burden for the airline, positioning it for long-term stability and a smoother transition amid its planned merger with Korean Air.
Asiana Airlines has expanded its fleet with the addition of an A321neo, serial 12396, equipped with LEAP-1A32 engines. This latest acquisition aligns with the airline’s strategy to modernize its fleet with fuel-efficient, next-generation aircraft.
