SEOUL, July 12 (Reuters) - Air Incheon, set to become
South Korea's second-biggest freight carrier once a deal to buy
Asiana Airlines' cargo unit is finalised, will
consider both Boeing ( BA ) and Airbus freighters to
refresh the widebody fleet, its CEO said.
The EU competition regulator last month approved Air
Incheon, a small cargo-only carrier with four Boeing 737s, as
the preferred bidder to buy Asiana's cargo business, as a
condition of approval for it to merge with Korean Air Lines
.
The purchase for an undisclosed sum would transfer Asiana's
fleet, staff, customers and traffic rights to Air Incheon, which
is based at Incheon airport, South Korea's main international
gateway and the world's fifth-busiest cargo airport.
Asiana operates 11 Boeing 767 and 747 freighters to 25
cities in 12 countries.
The acquisition will include the rights to fly to major
Chinese export hubs like Shanghai, Guangzhou and Hong Kong, and
to the U.S., Air Incheon CEO Stanley Seunghwan Lee told Reuters
in an interview this week.
The aim is to grow into a global charter and wet-lease
provider rather than selling space directly to logistics firms,
he added.
Lee plans to gradually update Asiana's ageing widebody
fleet, a task complicated by a global aircraft shortage and
delayed U.S. approval for Boeing 777-300ER
passenger-to-freighter conversions.
"Air Incheon can operate the current Asiana fleet at least
five or seven years," he said.
Lee is talking to lessors and manufacturers about converted
Boeing 777-300ERs, Boeing 777 factory freighters, or Airbus A350
freighters, which the European planemaker expects to enter
service in 2026.
The Asiana Pilot Union (APU) has said it is unhappy with Air
Incheon as preferred bidder, saying it is too small to compete
with Korean Air.
The APU, which also opposes Korean Air buying Asiana, said
more than 100 Asiana cargo pilots had, as of Thursday, submitted
letters indicating they will resign if transferred.
Lee said Air Incheon needs the cooperation and experience of
Asiana staff and will guarantee the same salary and similar
benefits.
Korean Air had obtained a green light from 13 of 14
competition authorities for the Asiana deal and CEO Walter Cho
has said he anticipates the final U.S. decision by the end of
October.