Korea’s first travel bubble-flight takes off on Saturday, with Asiana Airlines 623 leaving Incheon at 9:00 a.m. and arriving at Saipan at 2:30 p.m.
Korean Air Lines reached agreement with the Korea Development Bank (KDB) on how it will integrate Asiana Airlines into its operations.
Korean Air Lines won the Airline of the Year Award from Air Transport World (ATW), a publication covering the global air transportation industry.
Asiana Airlines is resuming flights to Saipan next month with a once-a-week service to the island.
Korean Air Lines, Korea's biggest carrier, said Monday it has obtained its second overseas approval, from Thailand, for its planned acquisition of smaller local rival Asiana Airlines.
Asiana Airlines continued to lose money in the first quarter, but at a sharply reduced rate.
Park Sam-koo, a former Kumho Asiana Group Chairman, was arrested Thursday on charges of embezzlement for unfair connected-party transactions among group companies.
A consortium that includes Hanjin KAL's largest shareholders and controls more that 40 percent of the company has called it a day, the group no longer coordinating to effect a boardroom coup.
Korean Air Lines on Wednesday submitted a post-merger integration plan to the Korea Development Bank (KDB) for its acquisition of Asiana Airlines.
Korean Air Lines has received orders for more shares than it made available in a recent offering.