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Biz & Tech

Airlines

Thu, January 21, 2021 | 00:42

Perfect storm of change, debt and Brexit sank Thomas Cook

Perfect storm of change, debt and Brexit sank Thomas Cook

British tour operator Thomas Cook fell victim to multiple setbacks including shifting travel habits, the rise of online booking sites, the sinking pound and even unusually hot summer weather at home that discouraged Northern Europeans from travelling.. Specific problems of its own, like a 1.6 billion-pound ($2 billion) debt pile, made it less able to react to change.

2019-09-24 10:51

Tour company Thomas Cook collapses, 150,000 people stranded

Tour company Thomas Cook collapses, 150,000 people stranded

British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. The British government said the return of the 178-year-old firm's 150,000 British customers now in vacation spots across the globe would be the largest repatriation in its peacetime history. The process began Monday and o...

2019-09-23 16:07

LCCs to undergo drastic restructuring

LCCs to undergo drastic restructuring

Domestic low-cost carriers (LCCs) are feared to undergo drastic restructuring one after another starting later this year, as losses from currency exchange, declines in the number of passengers to Japan and soaring oil prices threaten their feasibility, industry officials said Thursday.

Nam Hyun-woo | 2019-09-22 19:28

[INTERVIEW]'Being female airline mechanic has its perks'

[INTERVIEW]'Being female airline mechanic has its perks'

When picturing an airline employee, most think of a pilot or flight attendants dressed in fashionable uniforms. But people might not be aware that there are scores of personnel working endlessly behind the scenes to ensure the safety of thousands of daily passengers.

Kim Hyun-bin | 2019-09-20 09:25

Asiana's 'Beautiful Classroom' in Mongolia

Asiana's 'Beautiful Classroom' in Mongolia

Asiana Airlines officials pose with students of an elementary school in Ulaanbaatar, Mongolia, Wednesday, after helping the school remodel its gym as part of its Beautiful Classroom corporate social responsibility project. The remodeling marks the start of the project in the country after the airline launched flights to Ulaanbaatar in July. / Courtesy of Asiana Airlines

Kim Hyun-bin | 2019-09-19 13:47

'Boycott Japan' forces Eastar Jet to initiate unpaid leave for employees

'Boycott Japan' forces Eastar Jet to initiate unpaid leave for employees

Eastar Jet will receive applications from employees for unpaid leave as the “Boycott Japan” movement and the grounding of its two Boeing 737 Max 8 jets have taken a toll on the airline's finances.

Kim Hyun-bin | 2019-09-17 16:19

Gov't approves Air Premia's revised business plan

Gov't approves Air Premia's revised business plan

The government conditionally approved Air Premia's revised business plan, Monday, a move that will keep the airline on track to begin operations by September 2020.

Kim Hyun-bin | 2019-09-16 15:48

T'way Air 159 passengers stranded for 11 hours after pilot loses passport

T'way Air 159 passengers stranded for 11 hours after pilot loses passport

Close to 160 T'way Air passengers were stranded in Vietnam for 11 hours as the pilot lost his passport and faced restricted access to the airport in Ho Chi Minh City, according to the carrier, Monday.

Kim Hyun-bin | 2019-09-16 15:42

Boeing suspends load test for new 777X aircraft

Boeing suspends load test for new 777X aircraft

Boeing Co on Saturday announced it had suspended load testing of its new widebody 777X aircraft as media reports said a cargo door failed in a ground stress test. "During final load testing on the 777X static test airplane, the team encountered an issue that required suspension of the test," Boeing spokesman Paul Bergman said in a statement.

2019-09-08 14:42

Doubts growing over HDC's bid Asiana Airlines

Doubts growing over HDC's bid Asiana Airlines

Doubts are growing over a bid by Hyundai Development Company (HDC) to acquire Asiana Airlines, adding more uncertainty over the construction firm which has been struggling with the sluggish construction market, according to industry analysts Wednesday.

Nam Hyun-woo | 2019-09-04 17:20

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