Company Watch - Korean Air.Nov 27, 2006 Korean Air  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . had been considering the 747-8 Intercontinental but elected to focus its long-haul fleet around the A380 (for which it has placed five orders), 787 (10 orders) and 777-300ER. It said yesterday's order was of particular importance given the ongoing liberalization lib·er·al·ize v. lib·er·al·ized, lib·er·al·iz·ing, lib·er·al·iz·es v.tr. To make liberal or more liberal: "Our standards of private conduct have been greatly liberalized . . . of China's aviation market, which KE considers critical to its future. "We have to focus on the China market," VP-Strategy Development Keehong Woo said. "In the near future the number of Chinese [traveling by air to destinations worldwide] will be huge. We have to go into that market or we won't survive." The new planes also will enhance "efficiency through modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, of the fleet and reduction in fuel and operational costs," KE said. Nov 22, 2006 Korean Air signs $5.3 billion purchase agreement for 25 Boeing aircraft. Korean Air placed the biggest aircraft order in its history yesterday, signing a purchase agreement valued at $5.3 billion for 10 777-300ERs, five 737-900s/700s, five 747-8Fs and five 777-200Fs. Nov 22, 2006 Korean Air took options on four 777-300ERs, two 747-8Fs and two 737-900ERs. The ordered aircraft will be delivered beginning in 2009 and continue through 2019. The carrier said the 777-300ERs will replace 747-400s being converted to freighters while the 747-8Fs and 777-200Fs will inject capacity into its rapidly expanding global airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air network. Korean Air Cargo President Ken Choi said the 10 new freighters are part of a plan to add two freighters every year from 2009. It currently operates 19 owned 747-400Fs and six leased dash 200Fs. Nov 22, 2006 Korean Air's large order signals the airline's ambition to compete with the world's biggest international carriers. "The purchase forms a key component in Korean Air's strategy of global expansion," it said in a statement. "The airline aims to maintain its title as the world's number one commercial cargo carrier [among passenger airlines if Air France Air France in full Compagnie Internationale Air France French passenger and cargo airline with more than 200 destinations in some 80 countries. It introduced supersonic Concorde service in 1976, but financial loss led the company to cease its Concorde and KLM KLM Kaiserliche Marine (Enigma: Rising Tide game) KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines) KLM Klub Langer Menschen (German: Tall Person Club) are considered separate airlines]...and to become one of the world's top 10 passenger carriers by 2010." Nov 22, 2006 Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Nov 13, 2006 |
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