🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

South Korean court upholds 45-day ban on Asiana's San Francisco flights

Published 10/16/2019, 11:27 PM
© Reuters. FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport, San Francisco
020560
-

SEOUL (Reuters) - South Korea's Supreme Court on Thursday upheld a government decision to suspend Asiana Airlines' Incheon-San Francisco route for 45 days, adding to the debt-ridden carrier's headaches as it battles rising competition and falling demand.

The transport ministry suspended Asiana Airlines' once-daily U.S. bound flight as a penalty linked to its deadly plane crash in San Francisco in 2013. Asiana had sought a court injunction against the measure.

The Supreme Court said insufficient staff training was the main cause of the crash and the government's punishment was legitimate.

The flight ban will be implemented before the end of February, the transport ministry said in a statement.

Asiana would discuss the exact timing of the suspension with authorities, a company spokesman said, adding the punishment would cost about 11 billion won ($9.3 million) in lost sales.

Asiana Airlines flight 214 crashed in San Francisco in 2013 when the plane's tail struck a seawall short of the runway, killing three teenage passengers from China and injuring more than 180 out of about 300 people on board.

The airline is struggling with falling travel demand to Japan amid diplomatic tension between Seoul and Tokyo.

© Reuters. FILE PHOTO: An Asiana Airlines Boeing 747-400 taxis at San Francisco International Airport, San Francisco

Its top shareholder is also looking for a buyer to run the carrier.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.