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Korean Air is reportedly in discussions to acquire at least ten Boeing 777X aircraft, according to sources cited by Reuters. This potential order comes shortly after the airline's significant purchase of twenty-seven Airbus A350-1000s and six A350-900s earlier in the month, underscoring Korean Air's ambitious fleet expansion strategy. In a recent interview with CNBC, Korean [...]
Korean Air has officially joined the Airbus A350 Family, finalizing a firm order for 33 A350 aircraft. The deal comprises 27 of the larger A350-1000 models along with six A350-900s, marking a substantial endorsement of the A350’s capabilities in long-range operations. The Airbus A350, renowned for its unmatched range, will allow Korean Air to maintain [...]
Korean Air Lines, traditionally reliant on Boeing for its aircraft supply, has made a significant pivot by securing a deal with Airbus for 33 A350 wide-body jets, valued at $14 billion. This strategic move is aimed at enhancing the airline's fleet efficiency as it gears up for a merger with Asiana Airlines. In this ambitious [...]
Korean Air, the flagship carrier of South Korea, is reportedly on the verge of placing an order for 20 Airbus A350 jets, with an official announcement anticipated to occur as early as this week, according to Bloomberg. This move is part of the airline's ambitious fleet modernization strategy, particularly as it prepares for its impending [...]
Contrary to recent reports, Korean Air has confirmed that there are no immediate plans to retire any of its ten Airbus A220-300 aircraft. This clarification comes after a Bloomberg article cited unnamed sources suggesting the airline was considering phasing out the regional jets as part of a strategy to streamline its diverse fleet. A spokesperson [...]
The European Commission (EC) has officially sanctioned the merger between Korean Air and Asiana Airlines, marking a significant milestone towards the consolidation of the two South Korean aviation giants. Announced on February 13, 2024, this approval is contingent upon the fulfillment of specific conditions aimed at preserving competition in the air transport sector. This makes [...]
Japan's Fair Trade Commission (JFTC) has officially approved the highly anticipated merger between Korean Air and Asiana Airlines, marking a pivotal advancement towards the consolidation of the two South Korean aviation giants. This approval represents a critical step forward for Korean Air, which has termed the JFTC's green light as "a significant milestone" in the [...]
Air Premia, the Seoul Incheon-based airline, is reportedly finalizing a lease agreement with Korean Air for four Boeing 787-9 aircraft, a strategic move aimed at bolstering its operations across North America. This development, as exclusively reported by South Korea's News Tomato, comes amidst regulatory scrutiny from United States antitrust authorities concerning the proposed merger between [...]
The European Commission's competition authority is reportedly on the verge of approving Korean Air's bid to acquire a significant stake in its rival, Asiana Airlines. According to sources cited by Reuters, the approval for this major aviation industry consolidation is expected in mid-February. Korean Air, based at Seoul Incheon, aims to take over a 63.9% [...]
The European Commission (EC) has tentatively scheduled a decision on the proposed merger between Korean Air and Asiana Airlines for February 19, 2024. The merger, valued at KRW1.8 trillion won (USD1.37 billion), involves Korean Air acquiring a 63.9% stake in Asiana, leading to the integration of assets and the dissolution of the Asiana brand. However, [...]
