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Biz & Tech

Airlines

Sat, October 19, 2019 | 14:21

Fear spreading among LCCs on Eastar Jet's stake sale rumor

Fear is spreading among domestic low cost carriers (LCCs) over an industry-wide collapse, as Eastar Jet's majority shareholder was rumored to have unloaded its stake amid an LCC earnings crisis, according to industry officials, Friday.

2019-10-18 17:03

Top court confirms 45-day suspension on Asiana's San Francisco operation

Korea's top court upheld an administrative order Thursday mandating Asiana Airlines to suspend operations on the Incheon-San Francisco route for 45 days as a punitive measure over a crash landing in July 2013. Following the court order, the carrier is required to suspend flights on the route within six months.

2019-10-17 15:33

Asiana tops customer satisfaction

Asiana Airlines President Han Chang-soo, second from left, poses with airline staff after receiving a top award for customer satisfaction in the Korea Customer Satisfaction Index (KCSI) by the Korea Management Association Consulting, Tuesday. This is the sixth consecutive year Asiana has received the prestigious award. Courtesy of Asiana Airlines

2019-10-17 13:09

Local airlines' pilots bolt for China

Nearly 500 pilots from eight Korean airlines have moved to foreign carriers in the past five years, mostly to Chinese rivals, according to government data, Wednesday, raising concerns that the nation's expanding aviation industry may face a pilot shortage.

2019-10-16 17:44

'Korean LCCs are driving growth in NE Asia's aviation industry'

Korea's budget carriers have drastically evolved within the last decade and will continue to lead the industry and traffic growth within the region, according to a senior Boeing official. The country's low-cost carriers (LCCs) lead the market, taking up 65 percent of the entire LCC capacity in Northeast Asia, he said.

2019-10-15 20:19

Korean Air offers workers 6-month unpaid leave amid deepening losses

Korean Air is offering up to six months of unpaid leave for its employees. The plan comes as the air travel industry is struggling with rising losses, although the country's flagship carrier claims it is unrelated to the company's financial situation but is aimed at increasing employee satisfaction.

2019-10-15 16:36

Jeju Air, T'way Air launch new flights to China, SE Asia

Local budget carriers are diverting their flights from Japanese cities to other destinations to prevent further losses from the “Boycott Japan” movement, which has significantly reduced Korean travelers to the island country.

2019-10-03 14:16

Korean Air enhancing employee satisfaction

Korea's flagship carrier Korean Air, which has achieved great success in the global aviation industry over the last 50 years, is now working internally to raise employee satisfaction, in the belief that this is the best way to become one of the most prestigious airlines in the world.

2019-09-26 10:20

Korean airlines could face M&As amid snowballing losses

Korea is overflowing with airlines, and the increased competition has already led Jeju Air and Eastar Jet to set in motion emergency management measures to cover major losses. But many experts believe the industry's future will get much worse resulting in mergers and acquisitions (M&A) en masse. The concerns are based on expected fiercer competition, which will be inevitable ...

2019-09-25 16:21

[INTERVIEW] 'Rise in Central Europe demand led to launch Incheon-Budapest route'

LOT Polish Airlines has launched its Incheon-Budapest route, which marks the first time for the airline to connect an Asian country to a city outside of Poland. “The launch of flights between Seoul and Budapest is yet another milestone in LOT's history,” Rafal Milczarski, CEO of LOT, said in a press conference at the Courtyard by the Marriott Seoul Namdaemun, Monday.

2019-09-24 19:24

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