Korean Air will give a small South Korean carrier first crack at buying the freighter assets of Asiana Airlines, as required by EU regulators to approve a Korean-Asiana combination.
The European Union blessed a Korean Air takeover of Asiana Airlines under the condition that Asiana sells off its cargo airline.
U.S. cargo airline Amerijet accuses Korean Air of protectionism. Korean Air says Amerijet is trying to cover up the true nature of its relationship with Maersk Air Cargo because it violates air transport rules.
Amerijet, a mid-tier cargo airline based in Miami, is trying to block a startup operator of business jets owned by Korean Air from gaining flight access to the U.S. because it says the Korean flag carrier is undermining its expansion into Korea.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
U.S. and EU antitrust authorities are worried about reduced cargo competition from a merger between South Korea’s top airlines.
Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Cargo continued to dominate the passenger side at Korean Air during the third quarter.
Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.
Don’t be afraid of the drone swarm. It’s just Korean Air’s approach to using several drones at once to visually inspect its aircraft.
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
“Look, Mom, no seats!” That’s Korean Air saying it’s flying a passenger plane with the seats removed because it can make more money putting cargo on the floor.
Korean Air is a unicorn among passenger airlines. It made a profit in the second quarter, a remarkable feat given the depressed state of the airline industry.
Korean Air is the latest airline to get government aid and raise capital to increase its cash position.
Hanjin KAL, controlled by the Cho family, remains the largest shareholder in Korean Air.
Drones could someday deliver thousands of packages a day, but who will monitor all this air traffic?
Airline Garuda Indonesia has been ordered by an Australian court to pay A$19 million (US$13.14 million) in penalties for air cargo price fixing as part of a massive international cartel. Australian penalties of A$132.5 million (US$91.64 million) have so far been levied against 14 airlines.
