South Korea’s T’way Air is targeting more air freight business as the first low-cost carrier (LCC) to react to potentially more competition from Korean Air’s (KAL) takeover of Asiana Airlines.
Last Thursday, following approval from EU and US antitrust authorities, KAL completed its $1.3bn acquisition of a 63.88% stake in debt-hit Asiana, a move encouraged by the South Korean government. The carriers’ respective LCC subsidiaries, Jin Air and Air Busan, are …
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