Articles tagged “korean air”

Korean Air Asks 70 Percent of Employees to Take Partially Paid Leave

Korean Air Asks 70 Percent of Employees to Take Partially Paid Leave

Joyce Lee, Reuters

South Korea's largest carrier is in trouble — and it is pleading for government assistance.

7 months ago

Korean Air Feud Escalates as Activist Fund Offers to Buy Delta Stake

Korean Air Feud Escalates as Activist Fund Offers to Buy Delta Stake

Reuters

Given the coronavirus outbreak and the damage it is doing to airlines across the world, Delta might be tempted to take up this offer.

7 months ago

Korean Air Warns That Coronavirus Could Put It Out of Business

Korean Air Warns That Coronavirus Could Put It Out of Business

Reuters

As far as warnings go, this is about as stark as you can get. For Korean Air Lines, its very survival really depends on how long the coronavirus crisis lasts.

8 months ago

Aviation Executives Conclude Paris Air Show With Cautious Optimism

Aviation Executives Conclude Paris Air Show With Cautious Optimism

Brooke Sutherland, Bloomberg

Growth is likely slowing in the commercial aviation market, but when all was said and done at the Paris Air Show this week, the outlook was measuredly positive. A material vote of confidence in the Boeing 737 Max by International Air Group CEO Willie Walsh certainly threw a curveball at Airbus.

1 year ago

Delta Invests in Korean Air Parent to Bolster Joint Venture

Delta Invests in Korean Air Parent to Bolster Joint Venture

Mary Schlangenstein and Kyunghee Park, Bloomberg

Delta has some extra cash around to protect its joint venture with Korean Air. It's nice for Korean Air to have friends in high places.

1 year ago

Korean Air’s Future in Spotlight After Death of Indicted Chairman

Korean Air’s Future in Spotlight After Death of Indicted Chairman

Kyunghee Park and Sohee Kim, Bloomberg

Cho Yang-ho transformed Korean Air into one of Asia's biggest airlines. It's sad he will be remembered as the "nut rage" father and for being disgraced on embezzlement charges, ousted from the board last month. Korean Air needs mending, its investors want accountability and family involvement is a big part of the problem.

2 years ago

Asian Airlines Turn to Super Business Suites Rather Than First Class

Asian Airlines Turn to Super Business Suites Rather Than First Class

Brian Sumers, Skift

Asian airlines still cling to first class, but is the product necessary anymore? Some carriers are rethinking their strategies.

2 years ago

Korean Air May Make A Big Widebody Jet Order to Grow Fleet

Korean Air May Make A Big Widebody Jet Order to Grow Fleet

Kyunghee Park, Bloomberg

Korean Air flies the most modern of narrowbody jets — the Airbus A220 — but some of its widebody airplanes are getting older. It's probably time for replacement.

2 years ago

Korean Air CEO Suspected of Embezzlement

Korean Air CEO Suspected of Embezzlement

Youkyung Lee, Associated Press

A family scandal in South Korea has ensnared the patriarch, the chairman of Korean Air. As airline employees take the extraordinary measure of hitting the streets to call for his resignation, it sounds like Cho Yang-ho is not long for the C-suite.

2 years ago

Korean Air Ousts Chairman’s Daughters After Their Rude Behavior

Korean Air Ousts Chairman’s Daughters After Their Rude Behavior

Dave McCombs, Bloomberg

The chairman of Korean Air and its parent group said he will promote professional managers to replace his two daughters, who have been fired over rude behavior. That's a smart move, though it raises questions about the wisdom of handing out executive roles to family members in the first place.

2 years ago

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Airlines Fear Tariffs Will Stoke a U.S.-China Trade War

Brian Sumers, Skift

President Trump probably didn't consult many airline executives before announcing his China tariff plan. Airlines could be losers if this spurs a trade war.

3 years ago

U.S. Approves Delta Joint Venture With Korean Air

U.S. Approves Delta Joint Venture With Korean Air

Associated Press

The agreement means Delta and Korean Air passengers will be able to earn and redeem loyalty program miles in each carrier's program.

3 years ago