South Korea’s Kim Yuna arrived in Sochi last week as the queen of figure skating. A 15-year-old Russian is trying to dethrone her.
Korea Aerospace Industries Ltd., the country’s only planemaker, said it will participate in South Korea’s plan to build its own new fighter jet that will replace the older F-4s, F-5s and F-16s.
Airbus Group NV won a firm order from lessor Amedeo for 20 A380 superjumbos valued at $8.3 billion, the planemaker’s first for the double-decker plane this year.
Deutsche Lufthansa AG, Europe’s second-largest airline, said it plans to increase freight volumes faster than rivals this year as bigger planes join the fleet and some carriers cease competing as fiercely.
Korean Air Lines Co., the nation’s biggest carrier, said it will sell assets to raise 3.5 trillion won ($3.3 billion) to reduce its burgeoning debt.
Korean Air Lines Co. dropped the most in two years in Seoul trading on concerns the company may provide further funding to its affiliate Hanjin Shipping Co.
Korean Air Lines Co., the country’s biggest carrier, agreed to buy $3.7 billion of aircraft from Boeing Co. to modernize its fleet amid growing travel demand.
Larry Speakes, who strained to mediate between a hungry press corps and a media-distrustful White House as President Ronald Reagan’s press secretary, has died. He was 74.
Saudi Arabian Oil Co., the world’s largest crude exporter, will buy a $2 billion stake in S-Oil Corp., South Korea’s third-largest oil refiner.