All Korean Air articles
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NewsCargo carrier Air Incheon applies for new US routes
Air Incheon becomes IATA member Photo: Air Incheon Air Incheon has applied for a permit to carry out scheduled and charter flights to the US as it continues to expand its operations worldwide. The South Korean cargo airline applied “for a foreign air carrier permit and an ...
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NewsKorean Air completes drawn out acquisition of Asiana
Korean Air has today completed the $1.3bn acquisition of Asiana Airlines
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Korean signs Asiana cargo sale agreement with Air Incheon
Korean Air has today signed a "basic business sale agreement" with Air Incheon for Asiana Airlines' cargo business.The agreement follows June's announcement that Air Incheon had been named as the preferred bidder for the sale of Asiana's cargo business as part of Korean Air’s acquisition of Asiana Airlines."The transaction amount ...
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Air Incheon gains support for Asiana cargo bid
Air Incheon's plan to acquire Asiana Airlines’ cargo business is gaining momentum with reports that Hyundai Glovis may invest in a consortium led by the airline.Republic of Korea (ROK)-based logistics company Hyundai Glovis said it is considering an investment after Air Incheon was named as the preferred bidder for Asiana ...
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Unions oppose Air Incheon's bid for Asiana's cargo business
Unions have put yet another obstacle in the path of Korean Air’s delayed acquisition of Asiana Airlines by objecting to both the nature of the takeover and the choice of Air Incheon as the preferred bidder for the sale of Asiana Airlines’ cargo business.There was some positive progress with Korean's ...
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Korean picks Air Incheon as preferred Asiana Cargo bidder
Air Incheon has been named as the preferred bidder for the sale of Asiana Airlines' cargo business as part of Korean Air's much-delayed acquisition of Asiana Airlines.Republic of Korea-based airlines Eastar Jet, Air Premia and Air Incheon had in April all reportedly submitted bids to acquire the cargo business, but ...
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Three airlines vying for Asiana Airlines' cargo business
Three low cost airlines are reportedly in the running to buy Asiana Airlines' cargo business as part of conditions for Korean Air to acquire Asiana Airlines.Eastar Jet, Air Premia and Air Incheon, all based in the Republic of Korea, have submitted bids in the second round of bidding to acquire ...
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NewsKorean Air connects with DHL through APIs
Source: Korean AirDHL Global Forwarding is continuing to add direct connections to its airline partner's booking systems, this time integrating with Korean Air.Korean Air said that it is the first time that the airline has connected its booking system directly with a freight forwarder.The Application Programming Interface (API) system will ...
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NewsKorean Air and Vienna Airport partner on cargo
Julian Jäger, joint CEO and COO of Vienna Airport (left), and Jaedong Eum, senior vice president and head of cargo business division, Korean Air. Photo: Korean AirKorean Air has signed an agreement to strengthen its air cargo partnership with Vienna International Airport.The partnership aims to build on growing air cargo ...
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NewsKorean Air to expand cargo SAF programme with Yusen Logistics
Photo: Korean AirKorean Air will expand its cargo sustainable aviation fuel (SAF) programme by partnering with Yusen Logistics to further promote the use of SAF in the air cargo industry.The two companies signed a SAF Cooperation Programme Agreement at the Yusen Logistics headquarters in Tokyo.Yusen Logistics is the airline’s first ...
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Korean Air targets completion of Asiana acquisition in 2024
Korean Air said it expects to complete the acquisition of Asiana Airlines this year, as it acknowledged that the process had “taken much longer than expected”.In a message to employees on New Year’s Day, airline chief Walter Cho said he is “confident” the merger – first announced in November 2020 ...
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EU sets deadline for decision on Korean Air's proposed Asiana takeover
European Union competition regulators have set a February deadline to review Korean Air's proposed acquisition of Asiana Airlines.The two airlines resubmitted their plans to EU antitrust regulators earlier this year after gaining board approval to sell the cargo business of Asiana Airlines to offset concerns about the market share the ...
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NewsForwarder LX Pantos the first to sign up for Korean Air's SAF programme
(L) Jaedong Eum, Korean Air, and Keun Taek Oh, LX Pantos. Source: Korean AirKorean Air has partnered with forwarder LX Pantos to expand the use of sustainable aviation fuel (SAF) on cargo flights.The two companies signed a memorandum of understanding (MOU) at the Korean Air headquarters on November 20 that ...
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Asiana board approves plans to sell its cargo business
The Asiana Airlines board has approved plans to sell its cargo business as part of efforts to appease European regulators concerned over the impact of its takeover by Korean Air.Earlier today, the carrier's board approved the plan to offload the cargo unit to another Korean airline after the European Commission ...
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NewsAsiana Airlines delays decision on the sale of its cargo business
Source: Thanhliemnguyen/ShutterstockAsiana Airlines has delayed a decision on whether to sell its cargo unit as part of its takeover by Korean Air.The airline's board met yesterday to decide whether to go ahead with the sale as the two companies looked to obtain European Union approval for the deal.In a stock ...
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Korean Air poised to sell off Asiana cargo business
Korean Air Lines Co. has offered to sell Asiana Airlines' cargo business and divest routes to four EU cities to obtain European Union approval for its planned acquisition of the carrier.This is according to a Reuters report on October 17. The report added that Korean Air is now in talks ...
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Korean Air to fully transition to electronic air waybills
Korean Air is beginning to move towards electronic air waybills (e-AWB) for all shipments to create efficiencies in the shipping process.The carrier said that initially e-AWBs would replace paper documents for general cargo departing from Korea bound for North America, Europe, Japan and "other select markets".The airline will mandate e-AWB ...
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NewsKorean Air introduces SAF programme for cargo
Photo: Korean AirKorean Air plans to make sustainable aviation fuel (SAF) available for air cargo operations in cooperation with air cargo customers and forwarders.Customers will be able to make customised contributions through the Korean Air Cargo SAF programme and reduce their carbon footprint. Korean Air will use the contributions to ...
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Korean Air gains IATA CEIV battery certificate
Korean Air has gained IATA’s Center of Excellence for Independent Validators (CEIV) Lithium Batteries certification.In December last year, Korean Air joined a working group led by Incheon International Airport Corporation, along with stakeholders including forwarders and other operators in the domestic air cargo sector, to prepare for the certification.All stakeholders ...
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Korean Air feels impact of cargo demand drop
Seoul, South Korea-headquartered Korean Air is feeling the impact of the drop in global air cargo demand, as reflected in its financial results for the fourth quarter of last year.The airline has reported ‘tentative’ (i.e. non-consolidated) results that show cargo revenue fell by 29% year-on-year to KRW1.5tn ($1.2bn).Demand for freight ...