Korean Air will be named Air Transport World (ATW) Cargo Airline of the Year for 2003 at an awards ceremony in Washington, DC next month.
According to ATW officials, “Korean Air Cargo has been a top-ranked carrier on a commercial basis for many years. Now it has put together all the pieces needed to be considered a world-class operation.”
Korean Air has been a significant force in air cargo for more than 30 years. The airline started its air cargo division in 1969 shortly after privatization. Its timing allowed it to take advantage of its location between North America and burgeoning Asian economies to build a freight operation that now provides 32 percent of Korean Air`s operating revenues. For the last decade the airline has been one of the top three combination freight carriers in the world, with the largest freighter fleet of any transpacific airline, providing 31 cities around the world with regular freighter service.
China`s booming growth has given Korean Air Cargo a real boost, and the airline expects to produce a 20 percent annual increase in its airfreight traffic to that country. This potential inspired the creation of KAL-SkyBridge, tying Korean Air Cargo`s Chinese freight flow into the shipping and trucking operation of its parent company, Hanjin, for seamless intermodal worldwide delivery in as little as five days.
Korean Air is a key member of SkyTeam Cargo in partnership with AeroMexico, Air France, Alitalia, Czech Airlines and Delta Air Lines, and is the group`s largest freight carrier. It also is the Asian partner of a new US-focused air cargo marketing joint venture with Delta and Air France.
The airline gained greatly from the opening of new cargo facilities at Incheon International Airport, where its 623,000-sq.-ft. complex is a duplicate of its new New York JFK facility in terms of technology and flow. With the growth potential of the Chinese market and Incheon`s location between China and North America, Korean Air expects Incheon to become one of the world`s largest freight airports by 2010.
Korean Air, with a fleet of 118 aircraft, is one of the world`s top 20 airlines and operates almost 400 passenger flights per day to 84 cities in 29 countries. Korean Air is a founding member of SkyTeam, the global alliance - partnering AeroMexico, Air France, Alitalia, CSA Czech Airlines and Delta Air Lines. More on Korean Air`s programs, routes, frequency and partners is available at www.koreanair.com.