T’way Air to Launch Daegu–Ulaanbaatar Route
T’way Air (South Korea) has announced its plans to launch a new route connecting Daegu and Ulaanbaatar. The service is set to begin on 10 December 2024, utilizing the airline’s Boeing 737-800 aircraft.
Court Rejects Asiana Pilots’ Union Injunction to Halt Cargo Sale
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.
Jin Air Adds Boeing 737-8 to Fleet
Jin Air, a leading South Korean low-cost carrier, has expanded its fleet with the delivery of a Boeing 737-8, identified by serial number 63442. The aircraft is equipped with LEAP-1B engines, known for their exceptional fuel efficiency and environmental performance.
Eastar Jet to Launch Seoul-Tokushima Service in December 2024
Eastar Jet, a South Korean low-cost carrier, has announced plans to commence a new service between Seoul Incheon (ICN) and Tokushima (TKS) in Japan. The route is scheduled to launch on December 26, 2024, marking another step in strengthening air connectivity between South Korea and Japan.
T’way Air Reports Q3 2024 Net Loss Despite 14.5% Sales Growth
T’way Air, a low-cost carrier based in South Korea, has reported its Q3 2024 financial results, showing a net loss of $2.2 million despite achieving a 14.5% year-over-year increase in sales to $281 million. The results highlight the challenges faced by the airline industry in balancing revenue growth with rising operational costs.
Air Busan Reports 3Q 2024 Sales Increase, Operating Profit Decline
Air Busan, a South Korean airline, has released its 3Q 2024 financial results, reporting an 8.6% increase in sales, which reached $178 million. However, the airline saw a decline in operating profit, down 13.3% to $26.6 million for the quarter. The mixed results indicate strong revenue growth but also highlight challenges in maintaining profitability amid fluctuating operating costs and market pressures.
Asiana Airlines Receives New B747-400F Freighter
Asiana Airlines, a major carrier based in South Korea, has expanded its cargo fleet with the addition of a Boeing 747-400F, serial number 30765. This new freighter is equipped with CF6-80C2B1F engines, manufactured by General Electric, known for their reliability and performance in long-haul freight operations. The B747-400F will bolster Asiana’s cargo capacity, supporting the airline’s logistics network across Asia and…
Air Premia Shareholders Clash Over Capital Increase Plans
South Korean airline Air Premia is currently facing internal tensions between its two largest shareholders, AP Holdings and the Daemyung Sono-JC Partners consortium. The disagreement centers on whether to pursue a capital increase within the year, an issue that could significantly impact the company’s financial trajectory and future development.
Korean Air 3Q 2024 Revenue Increases Despite Profit Decline
Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
Dubai Aerospace Enterprise Leases Three Boeing 737-8 Aircraft to Eastar Jet
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…