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Industry News

Air cargo boom wanes, boding badly for second-half outlook for Korean airliners

August 2, 20222

South Korean airliners have become disappointments as recovery in international passenger travel has been restrained from variant danger and spike in ticket prices from strong fuel cost. The country’s full-service carriers Korean Air Lines and Asiana Airlines are expected to report growth in their second-quarter earnings.

Airline Employees Returning to Work

July 22, 2022

An increasing number of airline workers who took leaves of absence are returning to work, thanks to the gradual return of international flights. Korean Air Lines Co., South Korea’s national flag carrier, saw the proportion of employees who took leaves of absence slip to less than 20 percent this month, according to industry sources, meaning 13,600 out of its 17,000 employees are now working...

Korean Air, GE sign 5-year GE90 service deal

July 21, 2022

Korean Air has signed a five-year TrueChoice Material Service Agreement with GE for spare parts, component repair, and used serviceable part upgrades for GE90-115B engines. Korean Air, a major global airline serving 120 cities in 43 countries, operates a fleet of 154 of the latest Boeing and Airbus aircraft, including the GE90-powered Boeing 777...

Incheon Airport reveals $3.69 billion Level Construction Plan to target 106m travelers a year

July 20, 2022

Incheon Airport is pumping up its Level 4 construction plan, a project to expand its second passenger terminal, to maintain its leading position as an air transport hub in East Asia. The 4.84 trillion won ($3.69 billion) Level 4 construction plan involves a major upgrade of the airport’s infrastructure, through measures such as expanding its flight network and building a new runway. This year, the Incheon International Airport Corp. will focus on the expansion of Terminal 2 and its parking lot, as well as building connecting roads within the airport

Overseas travelers surpasses 1 million mark in June
July 04, 2022
The number of international travelers spiked to 1.28 million last month, surging 420 percent on-year, despite surging airfares and insufficient flight schedules, the Transport Ministry said Sunday. This was the first time that the number of monthly international travelers surpassed 1 million since the outbreak of COVID-19.
The increase in international travel demand is likely to help the Transport Ministry achieve its goal of restoring the number of inbound and outbound flights to 50 percent of the 2019 level by the end of this year.

 

Incheon airport passenger traffic doubles in three months
June 30, 2022
Airline demand is rapidly recovering, with a doubling of the number of passengers utilizing Korea's main gateway over the past three months. Incheon International Airport is expected to have more than 50,000 travelers a day by the beginning of July. As demand recovers, various services that were halted during the pandemic, such as providing in-flight blankets, are expected to resume.

 

Korean Air to bring back flights to half of pre-pandemic level by Sept.
Jun 28, 2022
Korean Air is gearing up to restore international flights that had plunged during the last three years due to the outbreak of the COVID-19 pandemic. “We plan to restore international flights to 50% of pre-pandemic levels by September,” the company said Tuesday.
Currently, Korean Air’s international flights are only one-third of the pre-pandemic level, but it plans to gradually increase flights starting in July, when the summer holiday season begins.​

T’way signs TotalCare deal with Rolls-Royce

Jun 22, 2022

Rolls-Royce and South Korean airline T’way have signed a TotalCare service agreement for Trent 700 engines that will power three Airbus A330 aircraft. The agreement is the first time T’way has selected TotalCare – adding another new member to the global family of operators relying on this service. It also marks the first time Trent 700 engines have been operated by a South Korean airline, continuing to demonstrate the global reach of an engine that has now accrued more than 60 million flying hours worldwide. 

 

Suspended routes reopened and frequencies upped at Incheon
June 9, 2022
Airlines are reintroducing suspended long-haul routes and upping flight frequencies as the government encourages more international flights from Incheon International Airport.  More international flights are expected to fly from Incheon International Airport as the government lifts major pandemic restrictions. 
With more flights, Incheon International Airport expects daily passenger numbers to reach 60 percent of average 2019 levels by mid-September

 

South Korea to lift quarantine requirement for non-vaccinated foreign arrivals
June 3, 2022
South Korea's prime minister on Friday said the country will lift its quarantine requirement for foreign arrivals without vaccination from June 8 and also start lifting aviation regulations imposed for international flights.
However, the government will maintain the requirement of a negative PCR test result prior to entry and a PCR test within 72 hours after arrival.

 

July flight demand expected to recover 40% of pre-pandemic
April 26, 2022

The daily average of air travelers is expected to be around 81,000 in July, which is around 40 percent of air travelers from the same period in 2019, right before the pandemic hit the world, according to the operator of South Korea‘s major air gateway Incheon Airport, on Monday.
After November, Incheon International Airport Corp. anticipates a 70 percent recovery of the daily average air travelers and is gearing up for normalization of its operations in phrases, officials said in a regular press briefing.
South Korea has seen a slight recovery in air travel demand after the government exempted vaccinated overseas arrivals from quarantine requirements, beginning in March.

 

Drones Help Korean Air Slash Plane Inspection Times By 60%

December 17, 2021

Korean Air has developed a new method of inspecting aircraft using not one drone, but a whole swarm. The airline says that by using these drone ‘swarms’, it can shave up to 60% off its inspection times. The added bonus is each of the 12 lb drones gets its own Korean Air livery!

 

Aviation, tourism industries rushing to prepare for 'living with COVID-19'
October 19, 2021
Expectations toward demand recovery for overseas travel are rising in the aviation and tourism industries, in line with the government's move to shift to a "living with COVID-19" scheme next month. In preparation for growing demand, domestic air carriers are rushing to resume their flights on international routes.

 

Atlas Air to establish maintenance facility at Incheon airport
August 31, 2021
Atlas Air has signed a memorandum of agreement with Sharp Technics K (STK), a Korean MRO company, and Incheon International Airport Corp. (IIAC) to enter into a joint venture with STK to develop a dedicated MRO facility at Incheon airport. Atlas Air Worldwide Holdings, which owns the New York-based cargo and passenger charter airline, said Monday that the facility is expected to open in 2025 in response to the airline's growing wide-body maintenance needs in the Asia-Pacific region.

 

Korea to bulk up airlines maintenance sector
August 12, 2021
The government will help reduce foreign reliance in commercial airline maintenance, repair and overhaul as part of efforts to nurture the country's next growth engines, Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki said Thursday. The country's top economic policy maker said the government will push to cut the rate of such reliance to 30 percent or below by 2025, and in return, expand the value of the domestic maintenance market to 5 trillion won ($4.31 billion) by 2030.

 

Air Premia wins gov't approval for operations

July 16, 2021

Budget carrier Air Premia Co. has obtained government approval for its operations amid the extended COVID-19 pandemic, the transport ministry said Friday. The ministry issued an air operator certificate (AOC) to Air Premia to allow it to use aircraft for commercial purposes.

South Korean developer acquires Eastar Jet for $97 million - Yonhap

June 24, 2021

South Korean property developer SJ Co Ltd has acquired budget airline Eastar Jet for 110 billion won ($97 million), Yonhap news agency reported on Thursday. SJ paid a deposit of 11 billion won and plans to issue new shares to complete the transaction, the report said.

IAI to establish a Boeing 777 conversion facility in South Korea
May 4, 2021
Israel Aerospace Industries’ (IAI) Aviation Group has signed a Memorandum of Agreement (MoA), with the Incheon International Airport and Sharp Technics, to establish a Passenger 2 Cargo (P2F) conversion site in South Korea.
The facility will specialise in converting Boeing 777-ERSF (“Big Twin”) from passenger to freighter.

Sabre renews long-term distribution agreement with Jeju Air
January 12, 2021
Sabre Corporation, a software and technology provider, has announced the renewal of its long-term distribution partnership with Korea’s largest Low Cost Carrier (LCC), Jeju Air. The renewed agreement means that Sabre will continue to distribute Jeju Air’s content to hundreds of thousands of travel agents, and the travellers they serve, through its extensive, worldwide travel marketplace. 

 

KAI’s MRO unit scores maintenance contract with Jeju Air

January 8, 2021

Korean Aviation Engineering and Maintenance Services (KAEMS) has clinched a maintenance contract with low-cost carrier Jeju Air for work on six Boeing 737-800s.The Korea Aerospace Industries (KAI) MRO unit has also disclosed that discussions with another South Korean low-cost carrier T’way Air to maintain more 737s are still ongoing.


Jeju Air and Navitaire sign strategic partnership
December 9, 2020
Navitaire, an Amadeus company, has signed a strategic technology partnership with Jeju Air, South Korea’s largest low-cost carrier (LCC). Through this partnership, the airline will use Navitaire’s advanced airline platform, including its leading New Skies “e-commerce first” reservation and retailing system, GoNow day-of-departure and pricing optimization solutions.


Korean MRO specialist launches Sacheon facility
November 24, 2020
Korea Aerospace Industries’ (KAI’s) dedicated services company, Korea Aviation Engineering & Maintenance Service (KAEMS), has launched its new facility in Sacheon, in the south of the country, aiming to position the region as a hub for aerospace maintenance, repair, and overhaul (MRO) services.

 

KAEMS opens new aircraft MRO center in southern Korea
November 19, 2020
South Korea’s first MRO company Korea Aviation Engineering & Maintenance Service (KAEMS) on Tuesday has opened a new aircraft MRO center in Sacheon, a southern city of Korea, aiming to nurture the site as an aviation MRO hub in Asia.
With the building, KAEMS now is able to work on MRO for 100 aircrafts of B737. It is licensed to work on A320 plane and larger aircrafts like B787. Currently, about 200 B737 aircrafts are in operation in Korea. Airliners had to send most of the carriers to other countries due to lack of capacity at home.

South Korea’s Aero K Partners with Skytrac on A320 Cellular Connectivity

July 21, 2020

Aero K Airlines, a low-cost startup carrier based in South Korea, has entered into a partnership with Skytrac Systems to enable global mobile data coverage to its fleet of Airbus A320s operated on domestic and international flights. The airline is the final stages of obtaining an aircraft operating certificate with plans to begin domestic flights from Cheongju International Airport next month.