T’way Air, a South Korean low-cost carrier, is at the center of strategic business developments as its shareholder, the Daemyung Sono Group, moves to acquire management rights of the airline. This ambitious step could potentially lead to significant changes in South Korea’s aviation landscape.
Korean Air, South Korea’s flagship carrier, has successfully secured US$453 million in corporate bond demand forecasting, surpassing its initial target of $137 million by more than threefold. This remarkable interest reflects investor confidence in the airline’s financial stability and growth prospects.
Korean Air, one of Asia’s leading carriers, has expanded its fleet with the delivery of a new Boeing B787-9. The aircraft, identified by serial number 37390, is powered by advanced GEnx-1B engines, offering enhanced performance and efficiency.
Air Seoul, a South Korean low-cost carrier, has announced yet another postponement of its loan repayment to its parent company, Asiana Airlines. This marks the 18th extension of the loan’s maturity date since the airline first borrowed US$20.6 million in June 2020.
Air Busan and Air Seoul, two prominent South Korean carriers, have announced key leadership changes with the appointment of new CEOs. Jeong Byeong-seop has been named CEO of Air Busan, while Kim Jung-ho takes on the role of CEO at Air Seoul. These appointments mark significant transitions for both airlines as they navigate an evolving aviation landscape.
Eastar Jet (South Korea) has officially entered the belly cargo business, launching operations on its Seoul Incheon–Bangkok route. This new initiative is part of the airline’s strategic plan to diversify its revenue streams and optimize the use of its passenger aircraft. The airline plans to expand its cargo services further, with routes to Tokyo, Osaka, Taipei, Shanghai, and Zhengzhouscheduled to commence in February 2024. These…
China Southern Airlines has resumed its Changchun–Jeju service as of 02 January 2025. The route is operated using A320 aircraft, marking the airline’s continued commitment to enhancing regional connectivity between China and South Korea.
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.
Jeju Air, a leading low-cost carrier in South Korea, has decided to cancel its planned Seoul Incheon-Singapore route, which was initially scheduled to commence on March 30, 2025. The service was to be operated using a Boeing 737-800, a mainstay of the airline’s fleet for regional operations.
AK Holdings Co., the parent company of Jeju Air, has announced the cancellation of its planned corporate bond issuance. The company has also requested the credit rating agency to withdraw the associated rating for the bond. This decision marks a shift in AK Holdings’ financing strategy as it navigates ongoing challenges in the aviation sector.
