Ho Chi Minh City’s Tan Son Nhat International Airport (SGN), last month started the initial operations of its new international terminal, which was built at a cost of VND 3,300 billion (about US$260 million) provided by the Japanese Government Offi cial DevelopmentAssistance (ODA). Construction started in August 2004. In the fi rst phase, the four-storey building with a total surface of 92,920 sqm, will accommodate scheduled fl ights of Mandarin Airlines, Uni Air, Shenzhen Airlines, … [Read more...] about VIETNAM: Tan Son Nhat opens new terminal

South Korea and Japan reached an open skies agreement last month under which their fl ag carriers can freely increase fl ights between the two countries, the government said. In a meeting of the countries' transportation offi cials in Tokyo, the two sides agreed to allow airlines from both countries to regulate passenger and cargo fl ights at their discretion to destinations where international fl ights are allowed, except Tokyo, Yonhap News reported, citing the Transportation Ministry. … [Read more...] about KOREA: S. Korea, Japan ink ‘open skies’ deal

Korean Air’s development into China is getting a boost from its code-share relationship with Chinese partner carriers, the airline said in a statement. Starting October 28, Korean Air will expand codeshare with China Southern Airlines and China Eastern Airlines, to include all routes connecting Korea and mainland China operated by both Korean Air and either of the two Chinese carriers. Last year, Korean Air proclaimed China as its second home market. Putting substance to this … [Read more...] about KOREA: KAL expands links with Chinese partners

IJS Global Inc., the US-based air and ocean freight forwarder, customs broker and NVOCC said it has launched operations in South Korea with the opening of a company-owned operation headquartered in Seoul. IJS Global Korea Inc. has locations in Seoul, Masan, Busan and Incheon, with operating facilities in Seoul and Busan. It is headed by Y.S. Lee, a 25- year industry veteran with stints at the former Air Express International Corp., and Menlo Worldwide Forwarding, among others. South … [Read more...] about KOREA: IJS Global opens office in Seoul

Korean Air posted a surprise quarterly net loss last month after it booked US$300 million in fi nes for conspiring to fi x fl ight prices, and faces earnings uncertainty over follow-up civil action,analysts say. “The US price fixing probe has been an uncertainty factor since the investigation started in February 2006, but still the size of the fi ne took me off guard. It’s huge,” Reuters quoted Baik Ji-ae, an analyst at Tong Yang Investment Securities, as saying. … [Read more...] about KOREA: Korean Air posts surprise Q2 loss