Korean Air has announced the promotion of its current president, Woo Kee-hong, to the position of Vice Chairman as part of the airline’s regular executive reshuffle scheduled for January 2025. This leadership change underscores Korean Air’s focus on strategic growth and operational excellence as it navigates the evolving global aviation landscape.
Korean Air has announced its plan to complete the integration of Asiana Airlines within the next two years, following the successful acquisition of a 63.88% ownership stake in its subsidiary. This acquisition marks a significant milestone in Korean Air’s strategic expansion and consolidation in the South Korean aviation market.
Korean Air has further strengthened its fleet with the addition of a new Airbus A321neo, featuring advanced technology and efficiency. The aircraft, with serial 12111, is powered by PW1130G-JM engines, a testament to the airline’s commitment to adopting state-of-the-art aviation solutions.
Korean Air is set to officially finalize its acquisition of a controlling stake in Asiana Airlines (South Korea) today. This strategic move will see Korean Air invest $1.07 billion to purchase a 63.9% stake in Asiana through a third-party share issuance, marking a significant milestone in the consolidation of South Korea’s aviation industry.
Korean Air has announced the appointment of Song Bo-young, the head of its passenger business division, as the new CEO of Asiana Airlines, marking a significant leadership transition for the subsidiary.
Korean Air, South Korea’s flagship carrier, has expanded its fleet with the addition of a Boeing 787-10, registered as HL8537. This state-of-the-art aircraft is equipped with GEnx-1B engines, providing superior fuel efficiency and environmental performance.
Korean Air has cleared the final regulatory hurdle in its acquisition of Asiana Airlines (South Korea) by securing approval from the US Department of Justice (DOJ). With this milestone, Korean Air is set to finalize the transaction by 11 December 2024.
Jin Air (South Korea) is set to absorb Air Seoul and Air Busan, as the merger of their respective parent companies moves closer to completion. Jin Air, the largest subsidiary of Korean Air, will become a more dominant player in the domestic aviation market through this consolidation.
Korean Air has secured the rights to perform maintenance on Rolls-Royce engines, marking a significant expansion of its maintenance, repair, and overhaul (MRO) capabilities. The airline is preparing to carry out this work at a state-of-the-art engine maintenance facility currently under construction on Yeongjong Island, near Seoul Incheon International Airport.
Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.
