All articles tagged with #korean air
Originally Published 4 months ago — by CNBC
Korean Air announced its largest-ever order of 103 Boeing airplanes worth about $36.5 billion, including 787s, 777s, and 737 MAX 10s, along with a $13.7 billion deal with GE Aerospace for engines and services, aiming to expand its fleet and international destinations amid a broader trend of major aircraft orders during the Trump administration.
Originally Published 1 year ago — by Bloomberg
Korean Air Lines Co. is considering ordering up to 30 new jets from Boeing as early as next month, following a recent order of nearly three dozen Airbus jets. The airline is deciding between Boeing’s 787 Dreamliner and additional Airbus A350s, according to CEO Cho Won-Tae.
Originally Published 1 year ago — by Fortune
Korean Air Lines Co. has chosen Airbus over Boeing to purchase 33 A350 wide-body jets in a $14 billion deal, as it aims to streamline its fleet ahead of a merger with Asiana Airlines Inc. The order includes 27 A350-1000s and 6 A350-900s, reflecting the airline's sustainability efforts and preparation for the integration of Asiana Airlines. This decision marks a significant win for Airbus, while Boeing secured a smaller order of 10 787-9s. The move comes amid a surge in wide-body orders and as Korean Air seeks to simplify its fleet and reduce costs.
Originally Published 1 year ago — by CNBC
Most Asia-Pacific markets fell after U.S. inflation data sent Wall Street lower, with Hong Kong's Hang Seng index gaining, while Japan's Nikkei 225 retreated from 34-year highs. Korean Air receives EU approval for Asiana Airlines merger, and Japan's yen weakens for a seventh straight day. The Dow Jones posts its biggest one-day loss since March 2023, and oil prices rise despite stubborn U.S. inflation. All 11 sectors of the S&P 500 see losses, with real estate stocks leading the index lower.
Originally Published 1 year ago — by Financial Times
Korean Air has received approval from the European Union for its merger with Asiana Airlines, a move that will create one of the world's largest airline groups. The deal, which was initially announced in November 2020, has faced scrutiny from regulators in various countries, but the EU's green light marks a significant step forward for the merger.
Originally Published 2 years ago — by Daily Mail
Two passenger jets, a Korean Air Lines plane and a Cathay Pacific Airways aircraft, collided at New Chitose Airport in Japan's Hokkaido. The incident occurred as the Korean Air plane was preparing for take-off, with no injuries reported among the 289 passengers on board. This collision comes weeks after a deadly crash at Tokyo's Haneda Airport, where a passenger jet burst into flames after colliding with a Coast Guard plane, leaving five dead. Investigations into both incidents are ongoing.
Originally Published 2 years ago — by CNN
A Korean Air plane clipped wings with a Cathay Pacific jet at Hokkaido’s New Chitose Airport in Japan amid heavy snow, with no reported injuries. This incident follows a fatal collision at Tokyo’s Haneda airport earlier in January. Both airlines confirmed the incident on social media, with Cathay Pacific canceling a flight and arranging alternative travel for affected passengers. Airport safety in Japan has been under scrutiny, and the details of the collision are currently under investigation.
Originally Published 2 years ago — by Fox Business
Two passenger planes, one from Korean Air and the other from Cathay Pacific, clipped wings at New Chitose Airport in Japan during snowy conditions, resulting in damage to the planes. No injuries were reported, and the incident occurred as a towing vehicle pushing the Korean Air plane lost traction due to the snow. This comes just weeks after a dramatic collision at Tokyo's Haneda Airport involving a Japan Airlines jet.
Originally Published 2 years ago — by The New York Times
Two planes, one belonging to Korean Air and the other to Cathay Pacific, collided at New Chitose Airport in Hokkaido, Japan, with no reported injuries. The incident occurred amid heavy snow, and both aircraft sustained damage. This collision comes just weeks after a deadly runway blaze in Tokyo involving a Japan Airlines plane and a Coast Guard aircraft, which resulted in the deaths of five crew members.
Originally Published 2 years ago — by Reuters
Two aircraft, one belonging to Korean Air and the other to Cathay Pacific, clipped wings at New Chitose Airport in Japan due to wintry conditions, with no reported injuries. The incident occurred when a towing car slipped while pushing the Korean Air plane backwards, causing its left wing to clip the Cathay Pacific plane's right tail wing.
Originally Published 2 years ago — by ABC News
Two passenger planes, a Korean Air and a Cathay Pacific, collided at New Chitose Airport in Hokkaido, Japan, with the Korean Air plane carrying 276 passengers and 13 crew. The incident occurred on the ground, and no injuries were reported. Poor visibility and heavy snow in the area may have contributed to the collision, leading to flight cancellations and ongoing disruption at the airport. This comes shortly after another airplane collision at Tokyo’s Haneda Airport.
Originally Published 2 years ago — by POLITICO
The US Justice Department is considering suing to block Korean Air's acquisition of Asiana Airlines, citing concerns over competition on passenger and cargo traffic between South Korea and the US. This would be the first time the US has sought to foil a merger between foreign airlines, and could tee up legal hurdles around how courts weigh foreign government decisions. The DOJ has been investigating the November 2020 deal for roughly two years, and is concerned that it will implicate competition on overlapping routes to the US.