Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...
Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal
Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed a deal for Asiana A...
Korean Air credit outlook raised, passenger traffic set to return
The credit rating outlook for Korean Air Lines Co. (KAL) and its parent Hanjin KAL Corp. has been upgraded amid expectations that passenger flights ...
KDB chairman urges FTC to approve merger of Korean Air, Asiana
A speedy approval by South Korea’s top antitrust regulator of the proposed merger of Korean Air Lines Co. (KAL) and its local rival Asiana Air...
Korean Air won't sell Asiana's budget carriers post-merger
Korean Air Lines Co. (KAL) will not put Asiana Airlines Inc.'s two low-cost carriers (LCCs) up for sale after it completes its 1.8-trillion-won ($1....
Korean Air eyes $350 mn in cost savings from Asiana merger
Korean Air Lines Co. will retain its brand name after absorbing local rival Asiana Airlines Inc. in a span of around two years, with their merged en...
Korean Air kicks off biggest-ever rights offer to finance Asiana takeover
Korean Air Lines Co. has kicked off its 3.3 trillion won ($3 billion) rights offering, the biggest amount ever by any South Korean company, to help ...
Korean Air begins due diligence on Asiana Airlines
The proposed union between South Korea’s two leading airlines is nearing the finish line as Korean Air Lines Co. begins due diligence on Asi...
Korean Air wins shareholders' approval for Asiana deal
Korean Air Lines Co. will proceed with its planned $1.6 billion acquisition of Asiana Airlines Inc. after winning approval from a majority of its sh...
NPS to veto Korean Air's acquisition of Asiana Airlines
The National Pension Service, the No. 2 shareholder of Korean Air Lines Co., will vote against the flag carrier’s plan to acquire Asiana Airli...
S.Korean airlines turn to non-landing flights to tide over slump
South Korean airlines have set their sights on non-landing air travel services to draw in passengers in times of hardship, hoping to tide over the b...
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...
S.Korea's airline restructuring hits turbulence with activist fund opposition
South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed m...
Asiana likely to withdraw from Star Alliance membership post-merger
Asiana Airlines Inc., up for a merger with bigger crosstown rival Korean Air Lines Co., is expected to drop out of Star Alliance, a global airline all...
Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline
Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal t...
Korean Air bid to acquire Asiana faces challenges, activist opposition
The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...
Korean Air, Asiana may merge MRO businesses after spin-off
South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...
Parent of Korean Air seeks to buy rival Asiana Airlines
Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...
Asiana Airlines converts A350 passenger jet into cargo carrier
South Korean airline Asiana Airlines Inc. has transformed its passenger aircraft A350-900 into a cargo carrier in a move to enhance its cargo operatio...
Kumho Asiana Group eyes sale of affiliate golf course and resort
Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...
Asiana again placed under creditor control; resale unlikely by year-end
Creditors of Asiana Airlines Inc. have decided to place the financially troubled carrier under their control after officially declaring the collapse o...
South Korean airlines convert passenger jets into cargo carriers
South Korea’s flag carrier Korean Air Lines Co. has converted its passenger plane Boeing 777-300ER into a cargo carrier to further boost ca...
Korean airlines zoom in on China routes, target transit passengers
South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...
Asiana deal botched as HDC rejects creditors’ latest offer
HDC Hyundai Development Co.’s planned takeover of Asiana Airlines Inc. has fallen through as the preferred buyer renewed its request for further...
KDB offers to ease HDC's financial burden in Asiana takeover as deal stalls
State-run Korea Development Bank (KDB), the main creditor of Asian Airlines Inc., has unveiled proposals to ease the financial burden for HDC Hyundai ...
Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses
Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...
Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline
HDC Hyundai Development Co. has postponed its 2.5 trillion won ($2.1 billion) acquisition of Asiana Airlines Inc. with no clear timeline for the deal ...
HDC-Mirae Asset consortium takes majority in Asiana Airlines for $2.2 bn
A consortium of Hyundai Development Company (HDC) and Mirae Asset Daewoo Co. Ltd. has agreed to take a 76.5% stake in Asiana Airlines Inc. for 2.5 tri...
Mirae Asset consortium likely to clinch $2.1 bn Asiana Airlines deal
A consortium of Mirae Asset Daewoo Co. Ltd. and Hyundai Development Company (HDC) is set to be announced as a preferred buyer of a controlling stake...
Mirae Asset teams up with builder for $1.2 bn Asiana Airlines deal
Mirae Asset Daewoo Co. Ltd. has attracted Hyundai Development Company (HDC) as a strategic partner to bid for a controlling stake in debt-ridden A...
