Jeju Air, a leading low-cost carrier from South Korea, has filed plans to launch nonstop flights between Seoul Incheon and Singapore, starting 30 March 2025. The route will be operated using a Boeing 737-800, catering to the rising demand for direct connectivity between the two cities.
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.
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.
Aero K (South Korea) has announced an ambitious expansion of its international operations, with plans to introduce multiple new routes in early 2025. These new routes aim to connect key South Korean cities to various destinations across Asia, reflecting the airline’s commitment to broadening its network and serving a growing customer base. Starting from early 2025,…
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 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.
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.
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.
StandardAero (US) has entered into a General Terms Agreement (GTA) with T’way Air (South Korea) to provide MRO services for the airline’s CFM56-7B and LEAP-1B engines. This strategic partnership highlights StandardAero’s growing presence in the Asian aviation market and its commitment to delivering reliable maintenance solutions.
Asiana Airlines (South Korea) has expanded its fleet with the delivery of a new Airbus A321neo, identified by serial number 12033. The aircraft is equipped with LEAP-1A32 engines, offering enhanced performance and fuel efficiency.
