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Seoul's Incheon Airport Becomes World's Busiest International Hub
WorldFTThe Guardianirozhlas+4rzeczpospolitatvn24Korea Heraldmyjoyonline20d ago7 sources

Seoul's Incheon Airport Becomes World's Busiest International Hub

South Korea's Incheon International Airport has surpassed London Heathrow to become the world's busiest international airport by passenger traffic. This shift is attributed to various global factors, including regional conflicts impacting flight routes.

Korean Air and Archer Aviation Partner for Military Air Taxi Development
BusinessKorea Herald1mo ago

Korean Air and Archer Aviation Partner for Military Air Taxi Development

Korean Air is collaborating with US electric aircraft manufacturer Archer Aviation to transform its air taxi technology into a military transport platform. This partnership aims to develop solutions for troop deployment, medical evacuation, and rescue missions, as Seoul seeks to establish a presence in the emerging defense aviation sector.

Korean Air Raises $123 Million Through Samurai Bond Issuance
BusinessKorea Herald1mo ago

Korean Air Raises $123 Million Through Samurai Bond Issuance

Korean Air has successfully issued 20 billion yen ($123.4 million) in Samurai bonds, supported by the Export-Import Bank of Korea. This move highlights the airline's strong credibility among global investors and confidence in its growth prospects.

Mayon Volcano Erupts, Blanketing Towns in Ashfall
Culturele-figarotvn24straits-times+5Dawnchannel-news-asiainquirerkhaleej-timesphilstar4mo ago8 sources

Mayon Volcano Erupts, Blanketing Towns in Ashfall

The Mayon Volcano in the Philippines erupted, emitting pyroclastic density currents and causing heavy ashfall that blanketed nearby towns in Albay province. Streets and cars were covered in thick ash following the eruption.

A total of 160 Greek seafarers are in the Middle East
WorldBBCFTCNN+26yle-uutisetnosukrainska-pravdaberlingskeSCMPtvn24delfi-ltdigi24+18 more5mo ago29 sources

A total of 160 Greek seafarers are in the Middle East

The Greek government is closely monitoring the safety of seafarers as attacks on energy facilities in the region increase The post A total of 160 Greek seafarers are in the Middle East appeared first…

G7 releases record amount of oil stocks to 'calm the markets down'
BusinessAPReutersBBC+101bloombergNYTwsjFTle-mondewapoThe GuardianAl Jazeera+93 more5mo ago104 sources

G7 releases record amount of oil stocks to 'calm the markets down'

G7 leaders have announced the record release of 400 million barrels of oil in response to the war in the Middle East. This represents about twenty days worth of usual oil traffic through the Strait of Hormuz, currently through dangerous to go through due to the threat of Iranian strikes. This initiative aims 'to calm markets down', as FRANCE 24's Philip Turle explains.

South Korean Air Force Blames Pilot Selfies for 2021 Jet Collision
TechnologyThe Guardianaftonbladetberlingske+8SCMPvgn1-serbialuxemburger-wortiefimeridaKorea Herald20-minutenbalkan-web4mo ago11 sources

South Korean Air Force Blames Pilot Selfies for 2021 Jet Collision

South Korea's air force apologized after an audit concluded that a 2021 mid-air collision between two F-15K fighter jets was caused by pilots taking selfies. The incident, which resulted in significant financial loss, highlighted a serious breach of protocol.

Airlines Adjust Strategies Amid Fuel Crisis and US-Iran War
Worldhotnewschannel-news-asia5mo ago2 sources

Airlines Adjust Strategies Amid Fuel Crisis and US-Iran War

Wizz Air and Korean Air are both announcing strategy changes, including shifting to emergency mode and reallocating aircraft, in response to the fuel crisis and rising oil prices exacerbated by the ongoing US-Iran war.

Korean Air and Asiana Merger Progresses
BusinessKorea Herald6mo ago

Korean Air and Asiana Merger Progresses

Hanjin Group Chair Walter Cho calls for unity as Korean Air prepares for its merger with Asiana, aiming to usher in a new era for South Korea's largest air carrier.

Hoban Group Increases Stake in Hanjin KAL
BusinessKorea Herald1mo ago

Hoban Group Increases Stake in Hanjin KAL

Korean construction company Hoban Group has raised its stake in Hanjin KAL, the holding company of Korean Air parent Hanjin Group, to more than 20 percent. This move narrows the gap with the controlling shareholder bloc led by Hanjin Group Chair Walter Cho.

Korean Air to Repurchase Catering Unit from Hahn & Co. for W750b
BusinessKorea Herald5mo ago

Korean Air to Repurchase Catering Unit from Hahn & Co. for W750b

Korean Air is set to buy back its in-flight catering and duty-free retail business from private equity firm Hahn & Co. for 750 billion won ($503 million). This transaction occurs more than five years after Hahn & Co. initially acquired the unit during the COVID-19 pandemic.