Guest

Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:01 am

Well, I have read the post made by United Airline, and now I wonder how Korean once started? Anybody? Was it a product of the state, or was it a private company that founded it?

Regards Lautir
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:14 am

From their website:

"Korean Air, Korea's flagship carrier, celebrated its 32nd year since Choong Hoon Cho, Chairman of The Hanjin Group, took over what was formerly National Korean Airlines in 1969. Before privatization, the company was a small, regional airline needing resources such as additional aircraft, network capabilities, and expert managerial efficiency. Just seven months after The Hanjin Group took over, new flights were launched to Japan and Southeast Asia.

In 2000, Korean Air carried over 22 million passengers and in excess of 1.2 million tons of cargo to hundreds of worldwide destinations -- an amazing growth of over 70 times the number of passengers and more than 600 times the cargo carried in the founding year.

IKorean Air's growth is remarkable considering that other global airlines have worked an entire half-century to become major carriers. Korean Air, with a fleet of 112 aircraft, is one of the world's top 20 airlines and operates almost 400 passenger flights per day to 77 cities in 29 countries on five continents.

In addition, Korean Air is a founding member of SkyTeam, the global airline alliance -partnering AeroMexico, Air France, Delta Air Lines and Korean Air - that provides customers with extensive worldwide destinations, flights and services."
 
Guest

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:23 am

Thanks for takeing your time! Like every other industry in South Korea, this airline has attained some great numbers and results during a very short time. The fact is that companys in newly industrialized countries both have to create a market, and also stimulate the market. Korean Air is a very strong company, and I hope that they will stay put during a long time.

Regards Lautir
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:40 am

Let me give you a little bit more in-depth.

-First US flight was via Tokyo, to LA in 1971.
-First US passenger flight was the same route, a year later.
-Received first 747 in 1973.
-First Europe flight to Paris in 1973.
-First Europe passengers flight to Paris in 1975 using A300.
-Has 40 or so 747s in its fleet.
-One of the largest cargo carriers.
 
Guest

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:45 am

Thanks again, every figure is interesting.

But, if we review airlines located in the west, will Koreans figures look generally thrifty?

Regards Lautir
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 4:59 am

"But, if we review airlines located in the west, will Koreans figures look generally thrifty? "

Are you talking about their fares? One of KEs fuel for growth over the past few decades has been their rock-bottom ticket prices for transit passengers. I don't know if this is still the case, but KE's fares really pissed off a few airlines in the 80s and 90s. If I'm correct, Korea was not a member of ICAO during that time (it still may not be), and there was some friction between the two. When flight 007 went down, ICAO blasted KE for not meeting their standards, but some in Korea took it as a cheap shot at KE for their agressive growth at the expense of other ICAO members.
 
Guest

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 5:05 am

Well, sorry, my english is the main treshold during discussions.
But was your "in-depth" figures something that could be related and compared to figures of western airlines?
Is Korean Air a competitive force on the international market?

Regards Lautir
 
watewate
Posts: 2216
Joined: Sun Nov 12, 2000 6:00 am

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 5:11 am

FYI,
KE's fleet of 747s is one of the largest in the world. Yes, KE commands respect from Airbus and Boeing due to their large widebody fleet, and their policy of keeping their fleet relatively young. I do not have the financial statements on me, but I believe KE has a few on their website in pdf format for viewing. They've been losing quite a bit of money, but that's the case with all Korean companies after restructuring.

KE plans to use their new ICN hub as a major gateway to Asian and N. America. It's ideally situated for transit to China (unlike HongKong and Singapore that are too south and NRT which is too congested.). New airport is nowhere near capacity, and can be operated round the clock. Watch out for KE in cargo. They are already a powerhouse, and unless SkyTeam flops, their stranglehold on the market should only tighten. There's an A.net member who works for KE cargo in PDX, he should be able to provide more info.
 
KAL_LM
Posts: 492
Joined: Fri Jun 29, 2001 8:58 am

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 8:38 am

Howdy,
just thought I'd drop my 2 bits in...
I'm not so good at the pax side, but know the cargo side somewhat better. Financially the past several years have not been pleasant, between the changes in the Korean economy, aftershocks of the Guam, Shanghai and Stanstead crashes, and then count on 9-11 to do some damage.

ICN is great, no more curfews to worry about and the new KE cargo terminal is a monster (projected capacity right now is 800,000 tons/year and that's not enough, had to add and annex which when finished will take the capacity to 1,000,000).

Planes...one of the newest fleets out there. They've been working to phase out the older aircraft with newer ones. We're taking delivery next week I think of our 8th 747-400F (brand new!), add that to like 12, -200s, and 4 MD-11Fs it's a pretty decent fleet...

Anyways if you want some more info I can try to dig it up, just shoot me an email.


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regards,
Tom
is that a light at the end of the tunnel or just a train?
 
DatamanA340
Posts: 535
Joined: Sat Dec 02, 2000 7:02 pm

RE: Does Anyone Know The History Of Korean Air?

Sat Jan 05, 2002 7:48 pm

Watewate: R. of Korea has been an ICAO member since 1952 and now is one of staff as category 3 nation.

And I would add some more figures:
- KE is the first carrier that purchased Airbus out of Europe.
- KE is or was No.2 operator of 300-600, No.3 of Fokker 100 and will be No.1 of 737-900.
 
hkg_clk
Posts: 980
Joined: Sun Jan 07, 2001 2:56 pm

RE: Does Anyone Know The History Of Korean Air?

Sun Jan 06, 2002 4:48 pm

What I don't understand is why Korean Air still refer to themselves as KAL. KAL used to stand for Korean Air Lines before they changed their name to Korean Air, but that was something like 20 years ago now!
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