South Korean creditors plan to provide 1.6 trillion won ($1.40 billion) in financial support to debt-laden Asiana Airlines Inc, the country’s finance minister said on Tuesday, alleviating liquidity problems after a bruising month.
Asiana Airlines’ biggest shareholder earlier this month said it would sell its entire stake worth 564 billion won as of Monday’s closing share price, in response to creditors’ rejection of an earlier request for support of 500 billion won.
Creditors have now offered to buy Asiana Airlines’ perpetual bonds worth 500 billion won and set a credit limit of 800 billion won, among other conditions, said Minister of Economy and Finance Hong Nam-ki.
Top Copyright Photo (all others by the airline): Asiana Airlines Airbus A380-841 HL7640 (msn 230) LAX (Michael B. Ing). Image: 946282.
Asiana Airlines is introducing its new Airbus A350-900 to the Seoul (Incheon) – London (Heathrow) route starting on October 29, 2017 with flights OZ521/OZ522. Thye new type will be initially operated three days a week (Wednesday, Fridays and Sundays).
Asiana Airlines (Seoul) has announced it will commence twice-weekly service between Seoul (Incheon) and Astana, the capital of Kazakhstan, on August 8. The new route will be served with Airbus A330-300 and Boeing 767-300 aircraft.
Copyright Photo: Yuji Wang/AirlinersGallery.com. Airbus A330-323 HL7792 (msn 1001) approaches the runway at Shanghai (Hongqiao), China.
Asiana Airlines (Seoul) flight OZ 162 made a hard landing and veered off the side of the runway tonight (April 14) while landing at Hiroshima, Japan on a flight from Seoul (Incheon). Reportedly 23 people received minor injuries according to CNN. The AIrbus A320-232 (HL7762, msn 3244) (above) was carrying 74 passengers and seven crew members.
According to The Guardian the A320 hit the localizer on the approach. The tail also hit the runway on landing.
Asiana Airlines (Seoul-Incheon) according to the The Korea Herald is planning to launch a second budget airline, tentatively named “Seoul Air”. The new entity would take over the short, less profitable international routes the main carrier now flies with narrow body aircraft.
Copyright Photo: Michael B. Ing/AirlinersGallery.com. Air Busan is 46 percent owned by Asiana. Air Busan operates only from the city of Busan. Air Busan Airbus A321-231 HL7723 (msn 2045) arrives in Tokyo (Narita).
Asiana Airlines (Seoul) has signed a Letter of Intent (LOI) with Airbus for the purchase of 25 180-seat A321neo single aisle aircraft as part of its ongoing fleet modernization program.
The A321neo will join an existing fleet of A320 Family aircraft operated by Asiana Airlines and its low cost subsidiary Air Busan, with the A321 set to become the primary single aisle type at both units.
Asiana Airlines currently operates 33 Airbus singe aisle aircraft, 15 widebody A330-300s and two double deck A380s. In addition to its newly announced commitment for the A321neo, the airline has outstanding orders for four more A380s and 30 all-new A350 XWBs for operation on its long haul network.
Meanwhile, Air Busan currently operates nine A320 Family aircraft on its domestic and regional services.