Bloomberg Interview
“Full compliance with US-EU demands… Boeing management trust”, “Hanjin Group Chairman Cho Won-tae said in an interview with Bloomberg that he expects to obtain approval from U.S. competition authorities at the end of October for the merger of Korean Air and Asiana Airlines. He expressed plans to publicly announce the order of thirty Boeing aircraft next month, sending ‘trust’ to the aircraft manufacturer Boeing, which has recently been embroiled in safety controversies due to aircraft defects.”,
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, ‘In an interview with Bloomberg held in Dubai on the 2nd (local time), Chairman Cho commented on the acquisition of Asiana Airlines, saying, “We have done everything that the U.S. and the European Union (EU) demanded”‘,
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, ‘He emphasized that he believes no additional concessions will be necessary besides selling Asiana Airlines’ cargo business and adjusting long-haul passenger routes. Previously, the EU conditionally approved the merger of Korean Air and Asiana Airlines with the sale of Asiana Airlines’ cargo business as a prerequisite. Currently, Korean Air has obtained approvals from 14 out of 15 competition authorities, with only the U.S. approval pending.’,
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, ‘Korean Air is also considering the merger of low-cost carriers Jin Air, Air Busan, and Air Seoul with Asiana Airlines.’,
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, ‘Chairman Cho envisions expanding Korean Air’s aircraft fleet to a maximum of 100 aircraft within the next 5 years. Following the recent order of 33 Airbus SE aircraft, there are plans to order Boeing aircraft in July.’,
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, ‘He said, “We are considering between Boeing 787 Dreamliner and Airbus A350, and the decision will be made at the Farnborough Airshow in the UK at the end of July. The likelihood of ordering Boeing 787 is high.”‘,
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, “Earlier in January, Boeing has been under investigation by the U.S. Federal Aviation Administration (FAA) following an incident on a 737 Max 9 passenger aircraft carrying 177 passengers, where a modular component known as the ‘door plug’ detached from the cabin.”,
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, ‘Chairman Cho stated, “We trust Boeing leadership as a strong company. They will overcome this. It may take time.”‘,
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