The Ministry of Commerce of the People’s Republic of China (MOFCOM) announced its approval of Korean Air’s business combination with Asiana Airlines on December 26. MOFCOM has demanded that the merged Korean Air-Asiana entity reduce its market share due to competition concerns, to which Korean Air has submitted remedies proposing to transfer slots to any new airlines wishing to start air services on nine routes where both Korean Air and Asiana Airlines operate. Five of the nine routes have … [Read more...] about Korean-Asiana merger secures China’s approval
Korean Air
Korean Air to start new Budapest route in October
Korean Air is set to fly its inaugural passenger flight to Budapest in Hungary on 3 October using its Boeing 787-900. The service will fly once a week on Mondays from Seoul Incheon to Budapest with a return flight the next day. The airline said the move follows the launch of cargo services to Budapest in February 2020 as it plans to bolster the competitiveness of its European network, especially in the eastern region. Korean Air will increase the number of flights to Budapest to two (every … [Read more...] about Korean Air to start new Budapest route in October
Korean Air renews CEIV Pharma certification
Korean Air is strengthening its competitive advantage in the global air cargo market with the recent certification from IATA’s Center of Excellence for Independent Validators Pharma (CEIV Pharma). Valid for three years, the certification requires a thorough evaluation of the airline’s capabilities, with more than 280 items on the ‘checklist,’ including transportation handling procedure, storage facilities, equipment, and the ability to adhere to regulations. The airline provides … [Read more...] about Korean Air renews CEIV Pharma certification
Korean Air posts US$1.7b cargo revenue in Q1
Korean Air beat the previous quarter’s record operating profit as the airline posted revenue of KRW 2.8052 trillion (US$2.3168 billion) and an operating profit of KRW 788.4 billion (US$651.1 million) in the first quarter. The airline’s cargo flight operations pulled in revenue of KRW 2.1486 trillion (or US$1.7 billion) in the first quarter. Korean Air said it maximized revenue through increasing freighter operation rates and using grounded passenger jets on cargo routes. The airline noted … [Read more...] about Korean Air posts US$1.7b cargo revenue in Q1
Korean Air sets eyes on becoming top global airline
Korean Air is gearing up for 2022 and has its sights on becoming a top 10 airline with the completed acquisition of Asiana Airlines. Walter Cho, Chairman and CEO of Korean Air, showed his appreciation to his entire team in his New Year’s address, noting that 2022 will be a ‘crucial year’ in preparation for the airline’s post-pandemic era. “It was during this most difficult time that we have achieved so much. These remarkable achievements would not have been possible without you. You are … [Read more...] about Korean Air sets eyes on becoming top global airline
Korean Air tests drones for aircraft inspection
Korean Air held a demo on 16 December to showcase its latest aircraft inspection technology using multiple drones, which is expected to shorten the inspection time and improve workplace safety. This new technology uses four drones, each measuring 1 metre in width and height and weighing 5.5 kilos, to inspect aircraft fuselage with an operations programme that allows the drones to take photos of pre-planned areas. The airline said the drone technology allows for the usual visual inspection … [Read more...] about Korean Air tests drones for aircraft inspection