Asiana Airlines commences international transport of COVID-19 vaccines. Answer 1 of 200: Hi, everyone, I bought tickets on Asiana in January for trip (April 8-18) to Japan with one day/night layover in Seoul on the way back to JFK. Because of a spike in the number of people in Korea testing positive for COVID-19, Asiana Airlines has backtracked on its idea of offering international flights to nowhere. Sign up to our newsletters to get our best stories delivered straight to your inbox. © Getty Images, Korean airline merger faces debt burden and antitrust concerns, Korean Air's Asiana deal hits turbulence as stakeholder objects, Korean Air to take over Asiana in $1.62bn deal backed by Seoul, Asiana Airlines shares jump as Seoul considers sale to Korean Air, South Korea's airline M&A left adrift by the pandemic. SKYTRAX 5-Star Airline 13 Consecutive Years(2007-present) Meanwhile, Asiana’s new owner HDC Hyundai Development Company said that despite the latest struggles, there will be no change in its plan to acquire the company at 2.2 trillion won ($1.85 billion). The airline, like many around the world, has been hard hit by the coronavirus pandemic and resulting travel restrictions. {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. Don't miss out on the latest news and information. “Their resignation illustrates how firm the company is devoted to execute all-out effort to save cost,” an official told The Korea Herald. Cookie Policy Failure to approve the motion would have left the airline facing the prospect of having to inject even more money into Asiana to pay back its debt. Korean Air says it will acquire Asiana Airlines for $1.62 billion in a major restructuring of the Korean aviation market as the global coronavirus pandemic batters the industry worldwide. The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link . Asiana Airlines has successfully transported Korean-made coronavirus vaccines from Incheon to Moscow, the company said Tuesday. 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READ: Commentary: Novel coronavirus … According to the air carrier, Russian-developed Sputnik V vaccines were delivered to Russia twice on Friday and then once on Tuesday. SEOUL: South Korean flag carrier Korean Air said Monday it will buy out its smaller, troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the global aviation sector devastated by the coronavirus pandemic. (Only 1 can be used per ticket, and cannot be applied to additional itineraries after being applied to a one-way ticket.) Stay ahead with our exclusives on Asia; the most dynamic market in the world. Han said that he himself would return 40 percent of his annual salary, while other executives will return 30 percent and division leaders will return 20 percent of their annual pay. Korean Air says it will acquire Asiana Airlines for $1.62 billion in a major restructuring of the Korean aviation market as the global coronavirus pandemic batters the industry worldwide. Due to the latest outbreak of the novel coronavirus that is believed to originate in Wuhan, China last month, Asiana Airlines has reduced 79 percent of its China routes and 25 percent of flights to Southeast Asian countries. HDC, a mid-sized builder, gave up on buying Asiana in September as the coronavirus pandemic devastated the airline industry. Kumho Petrochemical has publicly opposed the capital reduction plan, saying the major stakeholder should take bigger responsibility for the company's current situation by giving up more shares than other shareholders. To help finance the deal, Korean Air plans to sell up to $2.25 billion worth of shares early next year. SEOUL: South Korean flag carrier Korean Air said Monday it will buy out its smaller, troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the global aviation sector devastated by the coronavirus pandemic. What you need to know about Coronavirus. Get trusted insights from experts within Asia itself. CAPA News Briefs. Because of a spike in the number of people in Korea testing positive for COVID-19, Asiana Airlines has backtracked on its idea of offering international flights to nowhere. The Asiana … The nearly two-hour journey will take place on an Asiana A380 superjumbo passenger jet that has been grounded in the wake of the coronavirus pandemic. "Once Korean Air completes its acquisition of Asiana Airlines, the airline is expected to be ranked as one of the top 10 airlines in the world." Not only that, the company said it will activate 10 days of unpaid leave for all employees, including ground crew, cabin crew and maintenance workers, to minimize the workforce following the reduction of its China routes. Korean Air and Asiana reduced global flying, sometimes significantly before Korea became a larger coronavirus outbreak. Asiana Airlines flight 729 departed the gate at Seoul Incheon international airport on schedule at 10:10 a.m. on Saturday, and a few minutes later took off … They also proposed to indefinitely postpone education sessions for those promoted or transferred to a new position. In September, Asiana's creditors -- the KDB and the Export-Import Bank of Korea -- decided to end a drawn-out deal to sell Asiana to a consortium led by HDC Hyundai Development Co. over differences over terms of the deal amid the extended COVID-19 … Entry restrictions due to the spread of the COVID-19 are updated per country as follows. South Korea's Asiana Airlines is struggling to weather the coronavirus pandemic. But Asiana Airlines officials said the voluntary resignations are not to be accepted right away, as the company needs them to operate. Shares of Asiana closed down 10.96% to 4,470 won on Monday. Read more. to learn how you can update your cookie settings. 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