Korean Air has completed its acquisition of Asiana Airlines, four years after announcing its decision on November 16, 2020. On December 12, Korean Air acquired 131,578,947 newly issued shares of Asiana Airlines, representing a 63.88% ownership stake and making Asiana Airlines a subsidiary of Korean Air. The completion follows Korean Air's payment of KRW 800 billion to Asiana Airlines on December 11, concluding the share purchase transaction. This brings the total investment through the … [Read more...] about Korean Air acquires 63.88% stake in Asiana Airlines
Korean Air
Korean Air to order up to 50 widebody Boeing aircraft
Korean Air signed a Memorandum of Understanding with Boeing on July 22 at the Farnborough International Airshow to upgrade and expand its widebody fleet. The airline has announced its intent to procure 20 Boeing 777-9s and 20 Boeing 787-10s with options for 10 more of the largest 787 Dreamliner variant. The signing ceremony was attended by Walter Cho, Chairman and CEO of Korean Air, and Stephanie Pope, President and CEO of Boeing Commercial Airplanes. The 777-9s and 787-10s, with their … [Read more...] about Korean Air to order up to 50 widebody Boeing aircraft
Korean Air selects Air Incheon as preferred bidder of Asiana Airlines’ freighter business
Korean Air has selected Air Incheon as the preferred bidder for the sale of Asiana Airlines’ global cargo freighter business. The decision was made at the Board of Directors meeting held on June 17. Korean Air selected Air Incheon as the preferred bidder based on several key criteria: the certainty of completing the transaction, the ability to maintain and enhance long-term competitiveness of the air cargo business, and the capability to mobilize funds through a competent … [Read more...] about Korean Air selects Air Incheon as preferred bidder of Asiana Airlines’ freighter business
Korean Air ranked second best airline globally by AirlineRatings
Korean Air has secured second place among the top 25 airlines worldwide in AirlineRatings’ 2024 Airline Excellence Awards and has been named the Best Long Haul Carrier in North Asia. AirlineRatings.com, an Australia-based aviation media, evaluates over 440 airlines on multiple assessment criteria, including safety, product ratings, passenger reviews, fleet age, and environmental commitment. Korean Air was awarded "Cargo Airline of the Year" in 2022 and 2023, and "Best Airline in North Asia" … [Read more...] about Korean Air ranked second best airline globally by AirlineRatings
Korean Air wins best airline onboard menu in Global Traveler’s awards
(Seoul, May 14, 2024) - Korean Air has received top honors for its food and beverage service from Global Traveler in the magazine’s 2024 Leisure and Lifestyle Travel Awards. The carrier won the best airline onboard menu for its first-class cabin, chalking up another win for its catering program. The airline previously won best airline cuisine, among other awards, in Global Traveler’s 2023 Tested Reader Survey awards. Depending upon the route and season, the airline offers such menu choices … [Read more...] about Korean Air wins best airline onboard menu in Global Traveler’s awards
Korean Air, LX Pantos join forces on SAF use for cargo flights
Korean Air has partnered with Seoul-based logistics company LX Pantos to expand the use of sustainable aviation fuel (SAF) on cargo flights in line with net-zero carbon ambitions. Both companies have agreed to reduce greenhouse gas emissions in the cargo industry and foster awareness of SAF usage within Korea. LX Pantos will purchase SAF for Korean Air’s cargo operations, and Korean Air will share the amount of carbon emissions reduced accordingly. Korean Air is working to establish … [Read more...] about Korean Air, LX Pantos join forces on SAF use for cargo flights
