Jin Air (South Korea) is set to absorb Air Seoul and Air Busan, as the merger of their respective parent companies moves closer to completion. Jin Air, the largest subsidiary of Korean Air, will become a more dominant player in the domestic aviation market through this consolidation.
Korean Air has secured the rights to perform maintenance on Rolls-Royce engines, marking a significant expansion of its maintenance, repair, and overhaul (MRO) capabilities. The airline is preparing to carry out this work at a state-of-the-art engine maintenance facility currently under construction on Yeongjong Island, near Seoul Incheon International Airport.
Asiana Airlines (South Korea) faced legal opposition from its pilots’ union regarding the proposed sale of Asiana Cargo, a key business unit of the airline. The pilots’ union filed an injunction to halt the sale, citing concerns over operational stability and workforce implications. However, the South Korean courts have rejected the injunction, allowing the sale process to proceed.
Korean Air reported its 3Q 2024 financial results, showcasing a notable increase in revenue despite a decline in net profit. The airline’s revenue grew by 9.8% year-over-year, reaching $3.0 billion. However, net profit took a downturn, decreasing by 34.8% to $200.7 million, a reflection of various market and operational challenges.
Korean Air has expanded its fleet by taking delivery of a new Boeing 787-10, registered as HL8573. This latest addition, powered by GEnx-1B engines, supports the airline’s commitment to operational efficiency and sustainability.
T’way Air, a low-cost airline based in South Korea, has expanded its fleet with the recent delivery of an Airbus A330-200, serial number 1393, HL8276. The aircraft is equipped with Pratt & Whitney PW4170 (PW4168A) engines, which provide enhanced fuel efficiency and performance for medium to long-haul routes. This A330-200 delivery aligns with T’way Air’s…
Korean Air and Asiana Airlines are optimistic about receiving European Union (EU) regulatory approval for their merger by early November 2024.
Civic groups in Busan, South Korea, have called for the government to take steps to secure Air Busan’s future as a separate entity, independent of Asiana Airlines.
