South Korea’s activist fund KCGI mulls Asiana Airlines takeover

Daily Newsletter | August 20, 2019
South Korea’s two largest carriers with, lately, the worst reputation may now be joining forces. Activist fund KCGI, the no. 2 shareholder in parent company of national carrier Korean Air Lines, is reportedly considering taking over rival Asiana Airlines, local media sources indicate.
In focus
The situation with scheduled carriers is quite clear, as airBaltic remains the last frontier within the three states of the Baltics (Lithuania, Latvia, Estonia) to fend off foreign low-cost carriers from completely dominating the market. But what about airlines that do not fly on a daily basis?
Vietnamese low cost “bikini airline” is opening first direct routes to India. VietJet has announced the launch of two direct flights from Ho Chi Minh City and Hanoi (Vietnam) to New Delhi (India) starting in December 2019.
Previously on VietJet
By Gediminas Ziemelis
In March 2019, aviation regulators and airlines around the world grounded the Boeing 737 MAX airliner after two brand new aircraft crashed in five months, killing 346 people aboard. While the decision was reasonable, it was an expensive one.
AeroTime News Hub

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