Asiana

Air Incheon tapped to bid for Asiana’s freighter business

Korean Air said Monday it has selected Air Incheon, Korea’s only all-cargo airline, as the preferred bidder for the sale of Asiana Airlines’ freighter business to satisfy European Union conditions for the companies to merge.

South Korea’s largest airline said it selected Air Incheon for several reasons, including the certainty of completing the transaction, its ability to maintain and grow the long-term competitiveness of Asiana’s air cargo business, and the ability to raise capital through a...

https://www.freightwaves.com/news/air-incheon-tapped-to-bid-for-asianas-freighter-business

Cargo unit sale seals EU approval for Korean Air buy of Asiana

Korean Air is one step away from absorbing rival Asiana Airlines after the rivals agreed on Tuesday to European Commission merger conditions that Asiana divest its freighter business. 

The last hurdle is the U.S. government, which reportedly objects to the deal because of concern the combined airline would dominate routes to the United States where the two carriers currently compete head-to-head for passenger and cargo traffic. The Biden administration believes a Korean takeover of Asiana would...

https://www.freightwaves.com/news/cargo-unit-sale-seals-eu-approval-for-korean-air-buy-of-asiana

Singapore says cargo competition strong, clears Korean Air-Asiana deal

A large silver container on a lift goes in the side of a pale blue Korean Air jet.

Strong customer choice in the air cargo market is a key reason behind the government of Singapore giving Korean Air the green light for its merger with Asiana Airlines. The decision follows Korean Air’s recent announcement that it turned an operating profit in the fourth quarter despite negligible passenger traffic because of record cargo revenue.

Korean Air said Tuesday that Singapore’s Consumer and Competition Commission determined its acquisition of its smaller domestic rival would not harm...

https://www.freightwaves.com/news/singapore-says-cargo-competition-strong-clears-korean-air-asiana-deal

Korean Air takeover of Asiana to create single national carrier

An Asiana jumbo jet with white fuselage and multicolored tail lifts off from runway.

Korean Air agreed Monday to acquire a majority stake in indebted rival Asiana Airlines as part of a South Korean government effort to stabilize the nation’s aviation industry from the devastating effects of the coronavirus pandemic.

The industry consolidation is designed to increase the competitiveness of both carriers at a time of limited travel demand by streamlining route operations, lowering costs and increasing the chance to acquire more takeoff and landing slots at Incheon International...

https://www.freightwaves.com/news/korean-air-takeover-of-asiana-to-create-single-national-carrier

Asiana reconfigures A350 passenger cabin with Airbus cargo pallet system

Boxes being loaded in overhead bins and on floor of passenger plane with no seats.

South Korea’s Asiana Airlines is the first airline to modify an A350 twin-aisle plane with a mini-pallet system developed by Airbus (CXE: AIR) to increase the efficiency of cabin loading amid a supply shortage for cargo airlift.

Engineers removed 283 seats and installed the cargo pallet system on the floor to firmly secure cargo loads, increasing cargo capacity by 5 metric tons to 23 tons, Airbus said in a recent news release. The process also includes the removal of in-flight entertainment...

https://s29755.pcdn.co/news/asiana-reconfigures-a350-passenger-cabin-with-new-airbus-cargo-pallet-system