Korean Air has received conditional approval from European Union (EU) competition authorities for its merger with Asiana Airlines. Therefore, the sale of Asiana’s cargo business, a condition for the merger, is now on the right track.According to investment banking and aviation industry sources on Fe
A top European Commission (EC) official has given a positive assessment for the first time to remedial measures submitted by Korean Air to the EC for its merger with Asiana Airlines.“We have seen very positive progress on some of the proposals in Korean Air’s remedial measures,” EC Justice Commissio
The controversy surrounding the “Asiana Airlines Cargo Business Separation Sale,” which has emerged as a key issue in the merger of Korean Air and Asiana Airlines, is intensifying. As the Asiana Airlines board is set to decide on the separation sale of the cargo business on Oct. 30, both current and
The cargo business has become one of the variables in the merger of Korean Air and Asiana Airlines entering the home stretch. It remains to be seen if Korean Air’s high-stakes tactic of offering cargo planes to its rivals will be enough to satisfy overseas competition authorities.According to indust
Incheon International Airport Corporation, Israel Aerospace Industries and Sharp Technics K signed a contract on April 17 regarding passenger-to-freighter conversion.Israel Aerospace Industries, which is state-owned, is a global leader in passenger-to-cargo aircraft conversion. Sharp Technics K is a
The authors are analysts of Shinhan Investment Corp. They can be reached at wonyong.sim@shinhan.com and bh.lee@shinhan.com, respectively. -- Ed. A small giant with proven competitivenessKencoa Aerospace is a small giant in the aerospace industry whose clients include Lockheed Martin, Boeing, and Air
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Earnings are on the rise at Kencoa’s MRO division, thanks to orders related to the PTF conversion of Airbus aircraft. With the maintenance cycle of Korean military aircraft to arrive from 2023, t
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. We upwardly adjust 2021E earnings for KAL on continuing strong air freight yield in 2H21. International passenger yield is rising amid recovering air passenger demand for US routes, and passenger dem
Korean Air flew its longest non-stop flight since its establishment in 1969 using a passenger plane converted to a freighter. Korean Air announced that its cargo flight KE8047, which left Incheon Airport on June 12 at 9:14 p.m., arrived at Miami Airport (U.S.) after flying 13,405 km for a duration o
Competition between Hyundai Motor and Toyota over global hydrogen economy initiatives is intensifying amid increasing global efforts towards carbon neutrality by 2025.Toyota acquired stakes in CayetanoBus, a Portuguese bus manufacturer, and Finlog, a passenger car financial services company, in Dece
Korean Air said that the airliner will put into operation a new Boeing 777F freighter beginning on July 17 on the Incheon-Delhi route. Delhi is the trading and commercial center of northern India.Korean Air is currently operating passenger services in the Incheon-Mumbai route and the Incheon-Delhi r
It was confirmed that South Korea’s three largest shipbuilders recorded a little more than 10% of their order goals of this year. With only three months to go until the end of this year, it seems that it is impossible for them to achieve their goals set early this year. According to the shipbuildin
Korean Air is providing more active support for the successful hosting of the PyeongChang 2018 Winter Olympic Games. The company transported snow tracks, which are the essential equipment for test events of the PyeongChang 2018 Winter Olympic Games, at no cost, through a KE286 freighter that left To
Since its launch in March 2005, Emirates Korea has played the role of connecting Korea and Dubai by providing non-stop flight services. Since its inception, Emirates Korea has contributed to Koreans’ shift in focus from the U.S., Europe, and Southeast Asia to the Middle East and Africa, thereby expa
SEOUL, Feb. 4 (Yonhap) -- South Korea and Ukraine held their first joint anti-piracy drills in waters off the Somali coast to improve interoperability of the two nations' navies, the Joint Chiefs of Staff (JCS) here said Tuesday.South Korea's 4,400-ton destroyer and Ukraine's 3,500-ton naval escort
Korea broke the US$1 trillion mark in terms of trade volume for the first time in its history on December 5, 2011, when Samsung Heavy Industries reported to the Korea Customs Service that it exported two units of drill ships at a combined price of US$1.2 billion. This showed how significant the ship