Korean Air | South China Morning Post
  • Sat
  • Jan 31, 2015
  • Updated: 2:22pm

Korean Air

Overcapacity puts the brakes on Asian cargo carriers growth

Budget carriers sit on the tarmac at Singapore's Changi Airport. New aircraft purchases are expected to be announced during the Singapore Airshow this week. Photo: Reuters

Top Asian airlines' profit margins are being eroded by a struggling air cargo business, even as they capitalise on increasing passenger demand, industry executives said over the weekend.

Tuesday, 11 February, 2014, 1:46am

Samsung's new Galaxy S4 smartphone will boost freight sales for Korean Air

A Korean Air cargo plane at Incheon International Cargo Terminal in South Korea. Photo: Bloomberg

Samsung may ship about 44 million of the smartphones in the second and third quarters, according to Young Park, an analyst at Woori Investment & Securities in Seoul. A Boeing 747-8 freighter plane carrying nothing else can hold about one million phones.

16 Mar 2013 - 7:11am

Korean Airlines private jet unit targets rich Chinese

Korean Airlines' private jet charter unit, which was established in 2007, operates out of Seoul with a fleet of aircraft. Photo: SCMP

Korean Airlines plans to capture a larger share of the growing private jet charter business in southern China by marketing its service more widely among the region's growing number of super- wealthy businessmen.

1 Mar 2013 - 5:51am

Asia-Pacific airlines to see sharp fall in profit

Asia-Pacific airlines including Cathay Pacific Airways are bogged down by the sluggish cargo demand from the West. Photo: Xinhua

Carriers in the Asia-Pacific will see their profits fall 44 per cent this year because of the weak cargo market and the slowdown in China, the International Air Transport Association said yesterday.

14 Dec 2012 - 3:00am

Mainland and Korea open skies in air deal

China has moved a step further in the liberalisation of its aviation industry after concluding an air services agreement with South Korea.

The agreement, finalised on Friday, will open up more routes to Korean carriers and allow them more frequencies to mainland cities.

26 Mar 2004 - 12:00am

Jet turns back

A Korean Air Boeing 747 bound for Seoul with 369 passengers was forced to return to Hong Kong minutes after take-off when an engine had to be shut down.

15 Aug 1998 - 12:00am

Mainland boost for Korean Air

Korean Air (KAL) is planning to launch freighter services between Seoul and Shanghai and Seoul and Tianjin.

The Korean Government granted the carrier permission to fly to the two destinations after Beijing and Seoul signed an air services agreement last year.

15 Apr 1998 - 12:00am

Bilateral deal allows 15 weekly freighter services to mainland

Beijing and Seoul have signed bilateral agreements allowing South Korean airlines to operate 15 weekly freighter services to five destinations on the mainland - the first agreement of its kind for any foreign airline.

24 Nov 1997 - 12:00am

Korean carrier aims to spread wings in Asia

Korean Air achieved a 3 per cent cargo volume growth in the Asian region in 1996, an executive says.

Simon Yang, general manager for Korean Air's cargo sales and marketing regional office, Southeast Asia, said its cargo volume handled in Hong Kong remained at the same level as in 1995.

20 Feb 1997 - 12:00am

Korea in Airbus deal

Korean Air has become the first airline to order the new Airbus Industrie A330-200. A purchase agreement for two aircraft for delivery in August and September 1998 has been signed.

5 Jun 1996 - 12:00am

Seoul jets shadow HK-bound jumbo

TWO South Korean fighter aircraft intercepted and shadowed an Air Canada jumbo en route to Hong Kong from Vancouver in December after the jet strayed into Korean airspace without permission, the airline said yesterday.

2 Mar 1996 - 12:00am