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The present-day Korean Air traces its history to March 1, 1969, when the Hanjin group acquired government-owned Korean Air Lines, which had operated since June 1962. [5] Korean Air is a founding member of SkyTeam alliance and SkyTeam Cargo.
SkyTeam Cargo is the cargo division of SkyTeam. As of April 2024, the cargo alliance comprised nine members from the passenger alliance: Aeroméxico Cargo, Air France-KLM Cargo (include Air France Cargo and KLM Cargo), China Cargo Airlines, Czech Airlines Cargo, Delta Cargo, ITA Airways Cargo, Korean Air Cargo and Saudia Cargo. [144]
The merger plan was approved by Korean Air's board on the same date. [10] [11] Korea Development Bank, a state-owned bank, agreed to provide 800 billion won (655.73 million USD) to Hanjin Group to help finance the merger between the airlines. [1] Korean Air is currently a member of SkyTeam while Asiana is a Star Alliance member.
Star Alliance is an airline alliance headquartered in Frankfurt am Main, Germany. [6] Founded on 14 May 1997, it was the world's first global airline alliance. [2] As of April 2024, it is also the world's largest airline alliance by market share, with 17.4% of the market share, compared to 13.7% of SkyTeam and 11.9% of Oneworld.
Star Alliance. SkyTeam. Oneworld. An airline alliance is an aviation industry arrangement between two or more airlines agreeing to cooperate on a substantial level. Alliances may provide marketing branding to facilitate travelers making inter-airline codeshare connections within countries. This branding may involve unified aircraft liveries of ...
Website. www .oneworld .com. Oneworld (stylised as one world; CRS: *O) is a global airline alliance consisting of 15 member airlines. It was founded on 1 February 1999. The alliance's stated objective is to be the first choice airline alliance for the world's frequent international travellers.
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