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Biz & Tech

Airlines

Fri, October 22, 2021 | 15:26

Korean Air partners with Boeing for UAV development

Korean Air, South Korea's biggest carrier, said Friday it has partnered with Boeing to jointly develop an unmanned aerial vehicle (UAV) in preparation for future mobility demand.

2021-10-22 11:51

Aviation, tourism industries rushing to prepare for 'living with COVID-19'

Expectations toward demand recovery for overseas travel are rising in the aviation and tourism industries, in line with the government's move to shift to a “living with COVID-19” scheme next month.

2021-10-16 09:00

Airlines dogged by double whammy of weakening won, surging oil prices

Concerns in the airline industry are growing as international oil prices are soaring and the value of the local currency is tumbling as the Korean won traded at around 1,200 won against the U.S. dollar.

2021-10-15 16:21

FTC asked to speed up process of Korean Air-Asiana Airlines acquisition

Korea's airline industry is expecting travel demand to boom again after more than a two-year slump due to the COVID-19 pandemic as the government takes steps to initiate a phased return to normal starting from the second week of next month.

2021-10-14 16:53

Air, maritime shipping costs hit record highs amid pandemic

The costs of air and maritime cargo shipping surged to their all-time highs in South Korea, as logistics giants reduced their international schedules amid the COVID-19 pandemic, industry data showed Sunday.

2021-10-10 11:29

India's Tata Sons wins bid for national carrier Air India

Tata Sons, India's oldest and largest conglomerate, will be the new owner of the country's debt-laden national carrier Air India, the government announced on Friday.

2021-10-08 20:56

Korea seeks to introduce drone taxis by 2025

Korea aims to commercialize “drone taxis,” or urban air mobility (UAM) vehicles, by the end of 2025 at the earliest, the Ministry of Land, Infrastructure and Transport said Tuesday.

2021-09-28 15:43

Korean Air could face delays in absorbing Asiana

Flag carrier Korean Air's plan to acquire rival Asiana Airlines could be delayed as key approvals are taking longer than expected.

2021-09-22 14:59

Eastar Jet submits restructuring plans to court

Eastar Jet, a debt-ridden Korean budget carrier, said Friday it has submitted restructuring plans to a bankruptcy court to finalize an acquisition deal with a local property developer, aiming to resume flights next year.

2021-09-17 20:02

'More than 20,000 passengers have boarded international sightseeing flights'

More than 20,000 passengers have boarded “international sightseeing flights” operated by domestic airlines, which take passengers over other countries and then return to Korea. The special services were launched in December last year to generate profits for airlines and duty-free stores amid the prolonged COVID-19 pandemic. Passengers using these flights are given the same du...

2021-09-13 08:29

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