Osoe-dong ( Korean : 오쇠동 ) is a dong (neighbourhood) of Gangseo District, Seoul , South Korea. It is a legal dong (법정동 法 定 洞 ) managed by its administrative dong (행정동 行 政 洞 ), Gonghang-dong .
31-549: Asiana Airlines maintains its headquarters, Asiana Town, in Osoe-dong. The name of the town originated from the fact that the region had five people who used to make iron crossbows in another place and took refuge.The region also had a sacred tree used for religious rituals. From 1942, the Japanese constructed an airfield. After independence the airfield became the Gimpo airport. In 1992,
62-528: A Boeing 747-400 Combi. Services to Vienna, Brussels, and Honolulu began in the mid-1990s. In 1993, Asiana began services in Ho Chi Minh City in Vietnam. Asiana Airlines has rapidly expanded since its establishment in 1988 to become a mid-sized global carrier with a fleet of 85 aircraft. In December 1998, the airline operated an aircraft on behalf of the president of South Korea for the first time. The airline
93-523: A letter of intent to acquire Asiana Airlines. On 12 November, a consortium of HDC Hyundai Development Company and Mirae Asset Daewoo was selected as the preferred bidder. Asiana Airlines has chosen to retire older aircraft, including Boeing 747-400s and Boeing 767-300s , allowing the airline to reduce debt and weakness. In July 2020, HDC Hyundai Development Company received approval from Russian authorities for its acquisition of Asiana Airlines. However, on 11 September 2020, Korea Development Bank ,
124-502: A member of SkyTeam. According to The Korea Times , only Turkey has approved the antitrust deal so far. On 30 June 2021, the post-merger plans between two airlines were reported to have been finalized and approved by Korea Development Bank. In August 2021, the Malaysian Aviation Commission approved the merger between Korean Air and Asiana Airlines, citing economic efficiencies and social benefits. On 16 November 2021, it
155-526: A monopoly on the South Korean airline industry until the establishment of Asiana in 1988. Asiana's formation did not come about as a policy initiative favoring liberalized market conditions, but rather because of pressure from other chaebols and interests that wanted to compete. It was formed by the Kumho Asiana Group (formerly Kumho Group) and was originally known as Seoul Air International. Asiana
186-584: A way for small and intermediate businesses to raise capital through publicly traded shares , and to provide investors with new routes of investments. In April 1987, the Market Organization was achieved, and the first three companies were registered. On May 17, 1996, the KOSDAQ Securities Exchange (코스닥증권시장) was established in order to vitalize, modernize and fully computerize the market. KOSDAQ went into fully service on July 1, 1996. During
217-462: Is a full-service airline member of Star Alliance with two subsidiary low-cost carriers Air Busan and Air Seoul. It is the largest shareholder of Air Busan , a regional carrier that the airline established as joint venture with Busan Metropolitan City . The airline also operates Air Seoul , a wholly-owned subsidiary. Korean Air , which was acquired by Hanjin Transportation in 1969, had
248-790: Is rated as a "5-Star" airline by Skytrax. In April 2019, Asiana Airlines' parent company, Kumho Asiana Group, announced its plan to sell Asiana Airlines as a solution to its financial crisis. The sale of Asiana Airlines began in July 2019. In June 2019, Aekyung Group, the parent company of Korean low-cost carrier Jeju Air , was considered as a strong candidate to take over. Korean Air 's parent company, Hanjin Group , and SK Group also considered purchasing. Asiana Airlines discontinued unprofitable routes throughout July 2019 to October 2019, including Seoul–Incheon to Chicago–O'Hare , Delhi , Khabarovsk and Sakhalinsk . On 25 July 2019, Kumho Asiana Group,
279-467: The 1997 Asian financial crisis , KOSDAQ market indexes plummeted and investors suffered heavy losses, but due to the quick recovery of the South Korean Economy, KOSDAQ saw rapid recovery and increase in market capitalization through the early 21st century. This article about stock exchanges is a stub . You can help Misplaced Pages by expanding it . This article about a South Korean company
310-584: The International Organization for Standardization (ISO) for meeting the criteria for ISO 14001 in 1996. In 2001, Asiana Airlines was recognized for being the "first environmentally friendly company within the service industry" by the South Korean Ministry of Environment . Some of Asiana's other environmentally minded programs include an emissions measurement and reduction system; reducing pollution from ground facilities; and partnering with
341-515: The Rainforest Alliance for coffee served on board. With these achievements attained over four consecutive years, Asiana Airlines is recognized as a Golden Grand Slam Airline, the first airline to achieve this. Apart from this prestigious title, the company has received the Best Airline for Onboard Service and Flight Attendants for eight consecutive years, among other awards. Asiana Airlines
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#1733318734217372-596: The 'reference date'. Status miles are based on 'On-board mileage', which includes miles accumulated by travelling with Asiana Airlines or Star Alliance airlines. Also, members can accrue miles by flying partner airlines such as Qatar Airways. Miles accumulated in the program entitle members to bonus tickets, class upgrades, and other products and services such as dining at Outback Steakhouse. Asiana Club Miles can be collected on all flights operated by Star Alliance member airlines, as well as Air Astana , Etihad Airways and Qatar Airways . Asiana has endorsement deals with
403-777: The People's Republic of China, Japan, Southeast Asia, and Central Asia. The airline serves several gateway cities in North America and Europe while retaining limited coverage of Oceania. Asiana Cargo, the airline's cargo subsidiary, also has a wide network, especially in Europe, Asia, and the United States. Asiana decided to launch Air Seoul , the airline's second subsidiary and its low-cost carrier, based in Incheon International Airport, and transfer some of its unprofitable routes to
434-568: The aircraft and business class is fully equipped with new AVODs. In-flight entertainment systems are not offered on domestic routes, which consist of flights of an hour or less. Asiana offers two in-flight magazines, Asiana (a travel magazine) and Asiana Entertainment . Asiana Club is Asiana Airlines' frequent-flyer program , formerly Asiana Bonus Club. Asiana Club has five tiers: Silver, Gold, Diamond, Diamond Plus, and Platinum. To acquire or maintain each tier, members are required to accrue 0, 20000, 40000, 100000 miles in two calendar years from
465-399: The airline's freight division. In 2012, the airline had net sales of US$ 5.3 billion. In February 2006, Asiana Airlines modernized its corporate identity for unification with those of other divisions of its parent company the Kumho Asiana Group . The names of the travel classes have changed from first, business, and economy classes to first, business, and travel classes, respectively, and
496-404: The colors of the travel classes have changed to yellow, blue, and red for first, business, and travel, respectively. New uniforms were also created for the crew. Asiana began to focus on being an environmentally friendly company in the mid-1990s, leading to decisions such as completely banning in-flight smoking and cigarette sales in 1995. The company was awarded first-in-class certification by
527-528: The following: [REDACTED] Media related to Asiana Airlines at Wikimedia Commons KOSDAQ The Korean Securities Dealers Automated Quotations ( KOSDAQ ; Korean : 코스닥 ) is a trading board of Korea Exchange (KRX) in South Korea established in 1996. Initially set up by Korea Financial Investment Association as an independent stock market from the Korean Stock Exchange, it
558-545: The highest class and travel class, without first class. Some of the short-length international flights and charter flights are operated on a mono-class basis, as well as all of the airline's domestic flights. Business Smartium Class is installed on Boeing 777-200ER, and Business Class is installed on Boeing 767 and A330, but some of the A330 are equipped with newly furbished cocoon seats. Most of Asiana's Travel class seats also have television or video systems. AVODs are installed on many of
589-572: The holding company of Korean Air, to fund the merger. The two airlines would operate as separate brands until integration is complete. The Ministry of Land, Infrastructure, and Transport planned to integrate subsidiaries Air Busan , Air Seoul , and Jin Air into a new low-cost airline. The combined low-cost carrier will focus on regional airports within South Korea and flying regional Asia-Pacific routes. In March 2021, Korean Air announced it would delay
620-416: The merger with Asiana Airlines due to a delay in antitrust approval from the government and six foreign authorities (China, Japan, Taiwan, Thailand, United States, and Vietnam). Korean Air will operate Asiana Airlines as a subsidiary for the next two years, after which it will combine its operation, IT, and other systems into a single system until 2024. Once the merger is complete, Asiana Airlines could become
651-907: The original inhabitants of the town left with some compensations from the government to use the land for the airport This Seoul location article is a stub . You can help Misplaced Pages by expanding it . Asiana Airlines Asiana Airlines Inc. ( Korean : 아시아나항공 ; Hanja : 아시아나航空 ; RR : Asiana Hanggong KRX : 020560 ) is a South Korean airline headquartered in Seoul . The airline operates 90 international passenger routes, 14 domestic passenger routes and 27 cargo routes throughout Asia, Europe, and North America. In 2019, it accounted for 25% of South Korea's international aviation market and 20% of its domestic market. It maintains its international hub at Incheon International Airport and its domestic hub at Gimpo International Airport , both in Seoul . Asiana Airlines
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#1733318734217682-498: The parent company of Asiana Airlines, officially announced its intention to sell Asiana Airlines for an estimated price of 1.5 to 2.0 trillion won (US$ 1.26 to 1.68 billion). Asiana Airlines includes subsidiaries Air Busan , Air Seoul , Asiana IDT and other subsidiary companies. AeKyeong Group, the parent company of Jeju Air, has expressed interest in acquiring Asiana Airlines. On 4 September 2019, Aekyung Group, Mirae Asset Daewoo , and Korea Corporate Governance Improvement applied
713-729: The primary creditor for Asiana Airlines, and Kumho Asiana Group officially canceled the merger with HDC Hyundai Development Company. Asiana Airlines will be run by creditors until a new owner is approved by the South Korean government. On 16 November 2020, the Government of the Republic of Korea announced a policy of merging Asiana Airlines with Korean Air , which would acquire a 30.77% stake in Asiana from Korea Development Bank . The Korean state-run bank would invest 800 billion won (US$ 600 million) to Hanjin KAL,
744-560: The same year, began international chartered flights to Sendai in Japan. In 1990, Asiana began its first scheduled international services, to the Japanese cities of Tokyo , Nagoya , Sendai, and Fukuoka . In the same year, Asiana had nine Boeing 747-400s , 20 Boeing 767-300s , and eight Boeing 737-400s . In early 1991, Asiana began services to Bangkok, Singapore, Hong Kong, and Taipei . Transpacific flights to Los Angeles began in December 1991 with
775-502: The subsidiary in November 2016. Asiana Airlines codeshares with these airlines: As of November 2024 , Asiana Airlines operates the following aircraft: Asiana Airlines has previously operated the following aircraft: Asiana Airlines offers five classes of services – First Suite Class, First Class, Business Smartium Class, Business Class, and Travel (economy) Class. Seat configurations and in-flight entertainment systems vary by
806-772: The type of aircraft and its operating routes. First Suite class is offered on A380-800, which is serviced on routes to Los Angeles, New York City, Sydney, and Frankfurt. Old First Class is available on Boeing 747-400s. Both First Suite and old First Class were available on Boeing 777s but were later removed in favor of a two-class configuration. Passengers in these classes are offered pyjamas, souvenirs, and "amenity kits" containing items such as skin creams, toothpaste, eye shades, and earplugs. A passenger can pre-order in-flight meals 48 hours before departure. First-class seats are equipped with personal AVOD systems. Besides those routes, most of Asiana's international flights offer two types of classes – business smartium class or business class as
837-702: Was announced that Ministry of Industry and Trade of Vietnam had approved Korean Air's acquisition of smaller local rival Asiana Airlines Inc. On 26 December 2022, the Ministry of Commerce of the People's Republic of China announced its approval of Korean Air's business combination with Asiana Airlines. The U.S. Department of Justice blocked the deal in May 2023 citing monopoly concerns. In November 2023, Asiana agreed to divest its cargo business in an attempt to appease regulatory concerns. As of 14 February 2024, Korean Air had obtained approvals from 13 of 14 regulatory authorities and
868-751: Was awaiting its final approval from the United States. Korean Air Co. said August 7, 2024 it signed a tentative agreement valued at 470 billion won (US$ 341.7 million) to sell the cargo business division of Asiana Airlines Inc. to Air Incheon. The airline has its global headquarters in Seoul at the Asiana Town ( 아시아나타운 ) in Osoe-dong , Gangseo-gu , Seoul. The airline's head office moved from Hoehyeon-dong , Jung District to Asiana Town in Osoe-dong on 1 April 1998. Asiana Airlines serves destinations on five continents, with an Asian network that includes important cities in
899-511: Was benchmarked from the American counterpart, NASDAQ . KOSDAQ is an electronic stock market, just like NASDAQ. The open hours for the market are 09:00AM to 03:30PM KST . It is now operated as SME Market Division of KRX. As of February 2021, 1476 companies are listed on KOSDAQ for trading. In July 1986, The South Korean government passed the "Market Organization for Vitalization of Publicly Traded Assets for Small Businesses Act" in order to provide
930-516: Was established on 17 February 1988 and started operations in December 1988 with flights to Busan. As of 2007, the airline was owned by domestic private investors (30.53%), Kumho Industrial (29.51%), Kumho Petrochemical (15.05%), foreign investors (11.9%), Korea Development Bank (7.18%), and others (5.83%). Asiana began operations in December 1988, using Boeing 737 Classic aircraft, with flights to Busan and Gwangju . In 1989, Asiana began regular services to Jeju City , Gwangju, and Daegu , and later
961-636: Was listed in KOSDAQ In December 1999. On 28 January 2003, the airline became a full Star Alliance member, expanding its worldwide network and global brand. In 2004, the airline added Airbus A330s and the Boeing 777-200ERs to its fleet and expanded its routes into mainland China. Currently, it provides international services to 71 cities in 23 countries on 91 routes and domestic services to 12 cities on 14 routes. It also provides international cargo services to 29 cities in 14 countries on 28 routes by Asiana Cargo,