On … We are waiving reissue fee up to 2 times for all international routes Book ahead and travel seamlessly! The reduction in share capital will help Asiana offset part of its deficit, which reached 1.5 trillion won ($1.3 billion) as of September, up from 881 billion won in December 2019. We use cookies to ensure you get the best experience on our website. Failure to approve the motion would have left the airline facing the prospect of having to inject even more money into Asiana to pay back its debt. The nearly two-hour journey will take place on an Asiana A380 superjumbo passenger jet that has been grounded in the wake of the coronavirus pandemic. HDC, a mid-sized builder, gave up on buying Asiana in September as the coronavirus pandemic devastated the airline industry. They also proposed to indefinitely postpone education sessions for those promoted or transferred to a new position. Two more airlines are planning to launch services within the next few months, having already secured initial approvals prior to COVID-19. Stay ahead with our exclusives on Asia; the most dynamic market in the world. South Korea's Asiana Airlines is struggling to weather the coronavirus pandemic. READ: Commentary: Novel coronavirus … But Asiana Airlines officials said the voluntary resignations are not to be accepted right away, as the company needs them to operate. The acquisition process has been underway since last year, while the process will be completed after a due diligence review, HDC said. Call 896 6000. The breadth of our coverage … {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}}. The share capital reduction plan slashes Asiana's capital to 372.1 billion won from 1.1 trillion won, and its total number of shares will fall to 74.41 million from 223.2 million previously. Korean Air confirms plan to buy troubled Asiana Airlines for US$1.6 billion The deal combining South Korea’s two biggest airlines comes as carriers around the … South Korean aviation fears a profound impact to Korean Air and Asiana Airlines if the United States bans or limits flights as coronavirus cases continue to … Please review our Answer 1 of 200: Hi, everyone, I bought tickets on Asiana in January for trip (April 8-18) to Japan with one day/night layover in Seoul on the way back to JFK. By continuing, you are agreeing to our use of cookies. SEOUL — Korean full-service carrier Asiana Airlines said Tuesday that all executives, including the CEO, have offered to resign to improve the company’s financial health, which has been severely hurt by the latest outbreak of the coronavirus that has cut into aviation services. "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." Asiana shareholders approve airline's capital reduction plan, South Korea's Asiana Airlines is struggling to weather the coronavirus pandemic. Asiana Airlines CEO Han Chang-soo (Asiana Airlines). Read more. Not only that, the company said it will activate 10 days of unpaid leave for all employees, including ground crew, cabin crew and maintenance workers, to minimize the workforce following the reduction of its China routes. Answer 1 of 200: Hi, everyone, I bought tickets on Asiana in January for trip (April 8-18) to Japan with one day/night layover in Seoul on the way back to JFK. Because of a spike in the number of people in Korea testing positive for COVID-19, Asiana Airlines has backtracked on its idea of offering international flights to nowhere. Han said that he himself would return 40 percent of his annual salary, while other executives will return 30 percent and division leaders will return 20 percent of their annual pay. 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