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9. Korean Air to Buy Asiana Airlines
Hanjin KAL and Korean Air today confirmed that a decision has been made to acquire Asiana Airlines. Korean Air plans to acquire Asiana Airlines at KRW 1.8 trillion. In order to secure this amount, Korean Air plans to increase KRW 2.5 trillion worth of capital by issuing new shares early next year.
10. Singapore Airlines Raises Further S$2 Billion
Singapore Airlines has completed sale-and-leaseback transactions for eleven aircraft, comprising seven Airbus A350-900s and four Boeing 787-10s, raising approximately S$2 billion (approximately US$1.5 billion) in total. Published by on 3 May 2021.
11. Cebu Pacific Looking to Raise US$ 500 Million
Cebu Air is looking to raise up to US$500 million additional capital to strengthen its balance sheet and ensure that it is well-positioned to recover from the impact of the ongoing global COVID19 pandemic.
12. Korean Air Outlines Plan to Secure KRW 2.2 Trillion to Overcome COVID19
Korean Air is looking to secure KRW 2.2 trillion (approximately US$1.8 billion) worth of funds to overcome the liquidity crisis caused by the ongoing COVID19 pandemic.
13. American Airlines and Dallas Fort Worth Unveil Plans for Sixth Terminal
Dallas Fort Worth International (DFW) Airport and American Airlines have unveiled plans to develop a sixth terminal. The plans call for DFW to invest up to $3 to $3.5 billion in terminal improvements, including the construction of Terminal F and enhancements to Terminal C.
14. IATA Reports Global Airline Passenger Traffic for May 2013
Global passenger traffic results compiled by IATA show that air travel continued to expand at a healthy rate in May 2013. Growth was led by emerging markets. Compared to the year-ago period, overall demand rose 5.6%, while capacity climbed 5.2% pushing the load factor up 0.3 percentage points to 78.1%.
15. Qatar Airways Launches Daily Flights to Los Angeles
Qatar Airways has launched daily, non-stop flights between Los Angeles International Airport (LAX) and Hamad International Airport (DOH) in Doha. The new route is being operated by Boeing 777-200 aircraft and represents Qatar Airways' first passenger service to the West Coast of the United States. The expansion to LAX is the first of three new US destinations planned for 2016, alon
16. Mitsubishi Aircraft to Establish Sales Office in Europe
Mitsubishi Aircraft to Establish Sales Office in Europe. Mitsubishi Aircraft Corporation is establishing a locally incorporated, solely-owned subsidiary in Amsterdam, the Netherlands to function as its sales base for Europe. With the establishment of the Europe sales office, Mitsubishi Aircraft will accelerate its sales activities of the MRJ (Mitsubishi Regional Jet) in the Europea

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