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Korean Air: 2019 Operating Profit $246 Mln, Down 56.4% From A Year Ago
Korean Air Lines Says Will Sell Idle Property In Downtown Seoul
Korean Air Lines Q3 Parent Operating Profit $102 Mln, Down 70% From Year Earlier
KOREAN AIR LINES CO., LTD is a Korea-based company principally engaged in the air transportation business. The Company operates its business through four segments. The Air Transport Business segment operates domestic and international routes for passengers and cargoes, as well as aircrafts. The Aerospace Business segment conducts research and development on aircraft design and manufacturing, civil and military aircrafts maintenance, satellites and others. The Hotel Business segment manages and operates hotels. The Other Business segment manufactures and sells in-flight meals, provides in-flight sales and information technology (IT) services.
260, Haneul-gil, Gangseo-gu
Won Tae Cho
Executive Chairman of the Board, Chief Executive Officer
Executive Vice President, Executive Director
Executive Vice President, Executive Director
Byeong Taek Cho
Hyeon Min Cho
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Korean Air Lines Co Ltd <003490.KS> has ordered Pratt & Whitney engines to power up to 50 Airbus SE <AIR.PA> A321neo jets for delivery from 2021, the enginemaker said on Tuesday.
Korean Air <003490.KS> CEO Cho Won-tae's mother and younger sister said on Tuesday they support the flag carrier's current leadership headed by Cho.
South Korean budget airline T'way Air has postponed Tuesday's scheduled launch of a new route to the Chinese city of Wuhan because of rising concern over the spread of a new coronavirus, a company official said.
A South Korean heiress known for delaying a Korean Air Lines flight in 2014 because she was angry at the way she was served nuts has accused her younger brother of disobeying their late father's will to manage the airline's parent company together.
South Korea's activist fund KCGI, the second-largest shareholder in the parent company of Korean Air Lines Co Ltd <003490.KS>, said it was looking to buy a controlling stake in Asiana Airlines <020560.KS>, helping send shares of the carrier up 26%.
* S.Korea's No.2 airline up for sale, initial bids on Sept. 3
Korean Air Lines <003490.KS>, the country's top carrier, said on Monday it will suspend flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3, due to lean demand amid a worsening diplomatic and economic row between the two nations.
Korean Air Lines will suspend its flights between the South Korean city of Busan and Japan's Sapporo from Sept. 3 because of falling demand as a result of a diplomatic row between the two countries, a spokesman said on Monday.
(This June 19 story corrects to fix types of aircraft being purchased and leased in paragraph 2)
Delta Air Lines bought a small stake in Korean Air Lines Co's parent company and said it wants to increase it to 10%, giving a boost to the management of South Korea's top carrier that seeks to thwart a local activist fund's challenge.
* HOLDS A 5.01% STAKE OR 4,748,982 SHARES IN KOREAN AIR LINES Source text for Eikon: https://tinyurl.com/y37qk4kp Further company coverage:
Delta Air Lines said on Thursday it has acquired 4.3% stake in Korean Air Lines Co Ltd's parent company Hanjin Kal Corp.
South Korea said on Wednesday it had proposed a joint fund with Japan to compensate South Koreans forced to work by Japanese companies during World War Two, but Japan rejected the idea out of hand.
South Korea's biggest carrier Korean Air Lines said on Wednesday it has signed a memorandum of understanding to buy 30 Boeing planes for $9.67 billion.
Korean Air has provisionally ordered 20 Boeing Co 787 Dreamliner passenger jets and agreed to lease another 10, the companies said on Tuesday, giving the world's largest planemaker a needed boost after a subdued start to the Paris Airshow.
Boeing Co said on Tuesday Korean Air had committed to buying 20 of its 787 Dreamliners.
Korean Air Lines Co Ltd's chief executive on Monday said ownership discussions are ongoing with family members after their patriarch's sudden death in April raised questions about the future of the airline and parent Hanjin Group.
The CEO of Korean Air said on Monday that discussions about the company with his family members are ongoing, after the sudden death of the airline's patriarch in April.
* Hanjin Group appoints only son of late chief Cho Yang-ho as new chairman
Korean Air patriarch, chairman and CEO Cho Yang-ho died of a chronic illness on Monday, weeks after shareholders ended his 27-year tenure on the board of the country's biggest carrier due to perceived leadership failings.
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