Korean Air

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

Korean Air says Amerijet-Maersk cargo partnership violates trade agreement

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Korean Air has rejected claims by Amerijet that it impeded an application for a foreign carrier...

https://www.freightwaves.com/news/korean-air-says-amerijet-maersk-cargo-partnership-violates-trade-agreement

Amerijet turns tables on Korean Air for opposing commercial permit

Amerijet, a mid-tier cargo airline based in Miami, has asked the U.S. Department of Transportation to withhold approval for a startup operator of business jets owned by Korean Air to fly to U.S. destinations because Korean Air is blocking its request to offer scheduled service in and out of South Korea.

And it threw a grenade into Korean Air’s $1.4 billion merger plan with struggling Asiana Airlines, saying the Department of Justice should consider the airline’s behavior toward Amerijet as part...

https://www.freightwaves.com/news/amerijet-turns-tables-on-korean-air-for-opposing-commercial-permit

Cargo downturn hurts Asian carriers more than global competitors

Korean Air, the fifth-largest cargo shipping airline, on Wednesday said cargo revenue in the second quarter plunged 56% to $748.8 million, further illustrating how a weak freight market has impacted Asian carriers more than others.

Korean Air has a fleet of 155 aircraft, including 23 widebody freighters (Boeing 747s and 777s).

A strong recovery in travel demand helped boost total revenue to $2.7 billion, but the company said cargo business was negatively impacted by the decline in shipping demand...

https://www.freightwaves.com/news/cargo-downturn-hurts-asian-carriers-more-than-global-competitors

Cargo ‘combi’ carriers Korean Air, Lufthansa post lower Q1 revenues

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Sharp drops in first-quarter cargo revenue at Korean Air and Lufthansa Cargo, two of the world’s...

https://www.freightwaves.com/news/cargo-combi-carriers-korean-air-lufthansa-post-lower-q1-revenues

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 develops drone swarm technology to inspect aircraft

A pack of four Korean Air drones.

One of the latest applications for drones is inspecting aircraft for damage and wear. Korean Air is taking the concept to the next level by using multiple robot aircraft to make the work faster and easier.

The airline says it has developed technology that for the first time allows a swarm of drones to inspect an aircraft exterior. Last week it demonstrated the concept on one of its aircraft inside a hangar in Seoul. Four unmanned aerial vehicles have been programmed to simultaneously take photos...

https://www.freightwaves.com/news/korean-air-develops-drone-swarm-technology-to-inspect-aircraft

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

Korean Air jettisons passenger seats to up cargo capacity

Korean Air technicians inside a jet cabin lift out the last seats to make room for floor-loading cargo.

Projections that the capacity shortage in air cargo could last into next year and beyond are prompting some passenger airlines to spend money removing seats to make room for more boxes of goods.

Recent reconfigurations are taking place in Asia, with Korean Air the latest to take the plunge. 

About 150 aircraft around the world have had their seats completely removed to increase cargo volume, Glyn Hughes, global head of cargo for the International Air Transport Association said Wednesday during a...

https://s29755.pcdn.co/news/korean-air-jettisons-passenger-seats-to-up-cargo-capacity

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