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In 1962, government of the Republic of Korea acquired Korean National Airlines, which was founded in 1946, and changed its name to Korean Air Lines to become a state-owned airline. On 1 March 1969, the Hanjin Group acquired the state-owned airline and it is the beginning of Korean Air.
Czech Airlines Boeing 737–500 in SkyTeam special livery in 2012. During the year, Delta Air Lines offered US$1.02 billion to Japan Airlines after the Asian airline filed for bankruptcy due to US$26 billion debt, [70] at the same time lobbying Oneworld's largest member in Asia to switch to SkyTeam. [71]
The merger plan was approved by the board of Korean Air on the same date. [4] [5] 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 a co-founder and member of SkyTeam while Asiana is a member of Star Alliance.
Korean Air flies to 10 domestic destinations and almost 150 international destinations in 50 countries on five continents (except seasonal charter), ...