Financial turbulence: Pilots’ strike threatens Asiana Airlines’ merger plans



Analysis Financial turbulence: Pilots’ strike threatens Asiana Airlines’ merger plans Korean Air likely to negotiate with pilots as it could face liability for employee wage disputes post-merger John LeeJuly 18, 2023 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON An illustration of pilots walking away from their jobs \| Image: Korea Pro Asiana Airlines, one of South Korea’s leading carriers, is grappling with a pilots’ union strike set to begin on July 24, which initially began last month as a work-to-rule protest over wage increases. With about 100 pilots threatening to go on strike, the unrest has already led to the cancellation of two international and 10 domestic flights, while delaying another 56 flights, presenting significant operational and financial challenges for the airline. Asiana’s troubles could impact its planned mergerwith Korean Air, another flagship carrier, which is currently attempting to acquire the airline. The proposition has been met with varying degrees © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01South Korea’s won faces a new test as foreign bond buying loses momentum 02Trump’s Russian diesel deal may leave South Korea’s refining boom intact 03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 04South Korea’s missile defense push raises new questions over wartime stocks 05South Korea bank hacks expose weak links beyond core financial systems 06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 08Trump’s Korea investment victory lap masks safeguards Seoul still controls

Analysis

Financial turbulence: Pilots’ strike threatens Asiana Airlines’ merger plans

Korean Air likely to negotiate with pilots as it could face liability for employee wage disputes post-merger

John LeeJuly 18, 2023

Financial turbulence: Pilots’ strike threatens Asiana Airlines’ merger plans

An illustration of pilots walking away from their jobs | Image: Korea Pro

Asiana Airlines, one of South Korea’s leading carriers, is grappling with a pilots’ union strike set to begin on July 24, which initially began last month as a work-to-rule protest over wage increases.

With about 100 pilots threatening to go on strike, the unrest has already led to the cancellation of two international and 10 domestic flights, while delaying another 56 flights, presenting significant operational and financial challenges for the airline.

Asiana’s troubles could impact its planned mergerwith Korean Air, another flagship carrier, which is currently attempting to acquire the airline. The proposition has been met with varying degrees

LATEST ANALYSIS

01South Korea’s won faces a new test as foreign bond buying loses momentum
02Trump’s Russian diesel deal may leave South Korea’s refining boom intact
03Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance
04South Korea’s missile defense push raises new questions over wartime stocks
05South Korea bank hacks expose weak links beyond core financial systems
06Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma
07Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump
08Trump’s Korea investment victory lap masks safeguards Seoul still controls

Financial turbulence: Pilots’ strike threatens Asiana Airlines’ merger plans

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John Lee