23 NOVEMBER 2020
BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.
The Business Travel News
PO Box 758
Edgware HA8 4QF
+44 (0)20 8952 8383
© 2021 Business Travel News Ltd.
Korean Air (KE) has announced plans to acquire rival airline Asiana (OZ). At the present time Seoul is served three times weekly from Heathrow by KE and weekly by OZ; BA has cancelled its services.
The deal between the top two airlines of Korea will allow the restructure of the Korean aviation market, amid the unprecedented crisis faced by the global aviation industry due to Covid-19. Korean Air is part of SkyTeam whist Asiana is with Star Alliance.
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. In general, countries with a population of less than 100m have a single full-service carrier. However, Korea had two, which gives it a competitive disadvantage compared to countries such as Germany, France and Singapore with a single major airline.
Prior to the pandemic Korean Air had a fleet of around 170 aircraft, including 24 freighters, and both Airbus A321neo and Boeing MAX on order. The Asiana fleet was mainly wide-bodied with its Airbus A350 fleet planned to expand and again the A321 committed for the future.
All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum
No one has commented yet, why don't you start the ball rolling?