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Korean Air

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Korean Air (KSE: [003490]) is the largest airline based in Korea. One of the largest airlines in Asia, it operates a network that links Europe, Africa, Asia, Australia, North America, and (formerly to) South America to its hub at Incheon International Airport and its domestic hub at Gimpo International Airport (formerly Kimpo International Airport). The airline competes with the smaller, younger fleet of Asiana Airlines.

In recent years, Korean Air has upgraded its fleet and services and has won numerous international acclaims and awards. With its excellent financial performance in 2005, Korean Air received the "Phoenix Award" from Air Transport World (ATW) for its success in overcoming challenges in the global airline industry. It has been named one of Asia's best airlines by TIME magazine readers and twice has won the coveted Mercury Award for its inflight catering.

History

Korean Air began in 1962 as Korean Air Lines and was owned by the South Korean Government. It replaced the former Korean carrier Korean National Airlines. In 1969 KAL was acquired by the Hanjin Transport Group and became privately owned.

Korean Air Boeing 747
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Korean Air Boeing 747

Korean Air Boeing 747
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Korean Air Boeing 747

International flights to Hong Kong, Taiwan, and Seattle, United States were flown with Boeing 707s until the airline was privatized. In 1973, KAL introduced Boeing 747s on their Pacific routes and started a European service to Paris using the 707s. KAL was also Airbus's first customer outside of Europe. A new blue-top livery was introduced in 1984 and the airline's name changed to Korean Air. In 1986 Korean Air became the first airline to use the new MD-11 to supplement its new fleet of Boeing 747-400s. As Korean Air grew, its MD-11 jets became used only as freighters (in addition to 747 freighters). Korean Air also has the most USA destinations from an Asian Carrier (10, one pending).

Safety Record

Throughout the late 1990s safety concerns kept Korean Air under the watchful gaze of authorities at home and abroad. Since the turn of the century, Korean Air has demonstrated steady improvement in safety standards and has gradually been removed from safety watch lists.

Incidents and accidents

Code Sharing

The airline has code-share agreements with the following airlines (at April 2006):

Korean Air is a founding partner in SkyTeam, the world's second largest alliance.

Korean Air is a airline partner of Skywards, the frequent flyer program for Emirates and Sri Lankan Airlines. Skywards members can earn miles for flying Korean Air and can reedem miles for free flights.

Fleet

The Korean Air passenger fleet consists of the following aircraft (at July 2006): The Korean Air cargo fleet consists of the following aircraft (at July 2006): The average age of the Korean Air fleet is 7.4 years in April 2006. Korean Air currently operates 99 passenger aircraft, and 18 cargo aircraft, for a grand total of 117 planes.

Korean Air has ordered 5 Airbus A380 aircraft and has options on a further 3 aircraft. The first A380 will be delivered before the end of 2007 and the others will be added between then and 2009 (ref: Airliner World, March 2005).

On April 11 2005, the airline ordered 10 Boeing 787 aircraft with an option for an additional 10 planes.

On 31 May 2005 Korean Air signed an agreement on an additional order for a Boeing 747-400ERF, converting an option taken out in 2004, bringing total Korean Air orders for the aircraft to eight, of which five have been delivered. The new aircraft is scheduled for delivery in May 2006 (ref: Air International, July 2005).

Destinations

Main article: Korean Air destinations

See also

External links


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