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Biz & Tech

Airlines

Tue, October 20, 2020 | 05:49

Eastar to cut half of workforce to woo new investors

Eastar to cut half of workforce to woo new investors

Eastar Jet Co. said Tuesday it will lay off more than half of its workforce this week as it strives to find a new investor after Jeju Air Co. scrapped its plan to acquire the smaller budget carrier amid the coronavirus pandemic. Eastar plans to deliver pink slips to 605 of its 1,200 employees Wednesday before it begins the process of finding a new investor, Eastar Senior Vice...

2020-10-13 10:41

British Airways chief executive Cruz steps down

British Airways chief executive Cruz steps down

British Airways, slammed by the coronavirus pandemic, said Monday that CEO Alex Cruz is stepping down "with immediate effect" but gave no reason for his departure. Parent group IAG added in a statement that Cruz, who has been BA chief executive for four and half years, will be replaced by its Aer Lingus boss Sean Doyle but will remain non-executive chairman.

2020-10-12 16:03

Airlines, except Korean Air, to report operating losses for 3Q

Airlines, except Korean Air, to report operating losses for 3Q

Almost all domestic airlines are having a hard time due to the prolonged COVID-19 pandemic and are expected to report operating losses during the third quarter, which is typically cited as the traditional peak season for air travel, industry analysts said Friday.

2020-10-09 16:11

Seoul City criticized for pushing to turn Korean Air-owned land into public park

Seoul City criticized for pushing to turn Korean Air-owned land into public park

The Seoul Metropolitan Government is facing criticism over its unilateral push to turn a vacant lot owned by Korean Air in central Seoul into a public park, with critics claiming Thursday that the decision infringes on the property rights of a private company.

2020-10-08 16:48

Some Korean evacuees have yet to pay for COVID-19 chartered planes

Some Korean evacuees have yet to pay for COVID-19 chartered planes

Some Korean nationals, who returned home aboard government-chartered evacuation flights amid the COVID-19 pandemic, have yet to pay their agreed evacuation fees despite the government's consistent pressure for them to make payments, an independent lawmaker said Wednesday.

2020-10-07 17:14

T'way Air to start flights to Japan next month

T'way Air to start flights to Japan next month

T'way Air, a South Korean low-cost carrier, said Wednesday it will begin flights to Japan next month mainly to meet business travel demand. T'way Air will resume services on the routes from Incheon to Osaka and Tokyo on Nov. 5 and Nov. 6, respectively, with a plan to eventually provide flights on routes to Nagoya and Fukuoka, the company said in a statement.

2020-10-07 10:21

Virus cases fall back to double digits; potential spike still worrisome

Incheon airport CEO warns of legal actions against transport ministry

Incheon airport CEO warns of legal actions against transport ministry

Incheon International Airport Corp. (IIAC) President and CEO Koo Bon-hwan warned of legal actions against the Ministry of Land, Infrastructure and Transport and its officials for what he claimed was their abuse of power in pushing to remove him from office.

2020-09-25 16:49

Asiana to offer domestic sightseeing flights using A380

Asiana to offer domestic sightseeing flights using A380

Asiana Airlines will operate domestic sightseeing flights next month utilizing its A380 fleet whose operation has been suspended due to the prolonged COVID-19 pandemic.

2020-09-24 16:49

Eastar Jet, Jeju Air face court battles after takeover rupture

Eastar Jet, Jeju Air face court battles after takeover rupture

Eastar Jet and Jeju Air are preparing to file lawsuits against each other after the latter scrapped its plan to acquire the former amid the prolonged COVID-19 pandemic, industry officials said Monday.

2020-09-21 20:23

Korea and China begin irregular flights amid pandemic

Korea and China begin irregular flights amid pandemic

South Korea and China on Thursday began to operate irregular flights to allow Korean residents in China who returned here due to the coronavirus outbreak to go back, the transport ministry said. Korean Air Lines Co. and Xiamen Airlines will offer a total of seven flights from Incheon, west of Seoul, to Qingdao, Zhengzhou and Xiamen from Thursday until Oct. 15, according to th...

2020-09-17 09:39

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