Asiana News

ch-aviation • Andrew Curran

Air Seoul Secures $20.6M Loan from Asiana for Financial Support

Air Seoul, a low-cost carrier under Asiana Airlines, has secured a $20.6 million loan from its parent company to bolster its financial position amidst ongoing market challenges. This strategic move aims to enhance operational stability and ensure smooth continuity of services.

2025-01-19T15:21:24.137261-08:00

koreatimes.co.kr

Korean Air's CEO Faces Challenges in Asiana Acquisition Completion

2025-01-19T01:40:21.085020-08:00

The Loadstar

Eastar Jet Targets Air Freight Amidst South Korean LCC Competition

2025-01-16T04:59:26.031244-08:00

FlightGlobal

Air Incheon Eyes U.S. Freighter Expansion Amid Asiana Cargo Acquisition

2025-01-07T08:52:38.778442-08:00

Asiana News Timeline

ch-aviation

Air Seoul Secures $20.6M Loan from Asiana for Financial Support Air Seoul, a low-cost carrier under Asiana Airlines, has secured a $20.6 million loan from its parent company to bolster its financial position amidst ongoing market challenges. This strategic move aims to enhance operational stability and ensure smooth continuity of services.

2025-01-19T15:21:24.137261-08:00

Air Seoul Secures $20.6M Loan from Asiana for Financial Support

koreatimes.co.kr

Korean Air's CEO Faces Challenges in Asiana Acquisition Completion Song Bo-young, recently appointed as the head of Asiana Airlines, is focused on ensuring the timely completion of Korean Air's acquisition. He must navigate potential backlash from employees and stakeholders while integrating the previously financially unstable airline.

2025-01-19T01:40:21.085020-08:00

Korean Air's CEO Faces Challenges in Asiana Acquisition Completion

The Loadstar

Eastar Jet Targets Air Freight Amidst South Korean LCC Competition Eastar Jet pivots back to air freight after failing to acquire Asiana's cargo business. As South Korean LCCs target growing e-commerce traffic, Eastar Jet intensifies its strategy in the competitive air freight market.

2025-01-16T04:59:26.031244-08:00

Eastar Jet Targets Air Freight Amidst South Korean LCC Competition

FlightGlobal

Air Incheon Eyes U.S. Freighter Expansion Amid Asiana Cargo Acquisition Air Incheon plans a significant expansion into U.S. markets following its acquisition of Asiana Airlines' cargo operations. The move, anticipated to take effect in mid-2025, seeks necessary U.S. approvals and leverages the 747 fleet obtained through the Asiana-Air Korea merger last year.

2025-01-07T08:52:38.778442-08:00

Air Incheon Eyes U.S. Freighter Expansion Amid Asiana Cargo Acquisition

The Loadstar

Air Incheon Expands U.S. and European Cargo Operations Following its acquisition of Asiana's cargo business, Air Incheon is launching new cargo flights to the U.S. and Europe, marking a significant expansion in its international freight routes.

2025-01-06T07:36:05.535632-08:00

Air Incheon Expands U.S. and European Cargo Operations

koreatimes.co.kr

Korean Air's Robust Finances Support Asiana Merger Market analysts highlight Korean Air's strong cash reserves and low debt ratio as key factors enabling the merger with financially weaker Asiana Airlines, overcoming existing concerns about the latter's fiscal health.

2024-12-15T22:54:00.314986-08:00

Korean Air's Robust Finances Support Asiana Merger

Reuters

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Korean Air Finalizes Asiana Acquisition with 63.88% Stake Korean Air has completed its acquisition of a 63.88% stake in Asiana Airlines, cementing its position as a leading Asian carrier. The merger, announced four years ago, aims to optimize network efficiencies and enhance Incheon Airport as a strategic global hub.

2024-12-11T20:35:47.677387-08:00

Korean Air Finalizes Asiana Acquisition with 63.88% Stake

Aviation Source

IATA Expands Turbulence Aware with Six Airlines in 2024 IATA has announced the expansion of its Turbulence Aware Platform, with six airlines joining in 2024. The addition of Asiana Airlines, British Airways, Scoot, and Singapore Airlines underscores the aviation industry's ongoing commitment to enhancing safety, efficiency, and sustainability through advanced data integration.

2024-12-10T16:51:18.081791-08:00

IATA Expands Turbulence Aware with Six Airlines in 2024