Korean Air hosts 75th IATA AGM and celebrates two anniversaries

Asia News
Korean Air hosts 75th IATA AGM and celebrates two anniversaries

COEX Convention Center in Seoul hosted the 75th IATA (International Air Transport Association) AGM (1-3 June), together with the World Air Transport Summit.

Korean Air Chairman and CEO Walter Cho was elected as President of IATA at the AGM, which saw approximately 1,000 delegates attend.

“I hope that the 75th AGM will serve as a productive forum in which we’ll be able to bring to light where the gifts of opportunity lie in our industry and how we may approach these opportunities to benefit collectively,” Cho said at the AGM.

The event is one of the world’s largest for the global air transport industry, and a forum where the airline industry votes on resolutions and important decisions that impact the business.

South Korea expects its hosting of the AGM to boost the country as a major player in the global airline industry.

“Walter Cho and his team pulled out all the stops to ensure that we had a productive meeting while enjoying the best of Korean hospitality. We thank them for a very successful and memorable event,” said IATA’s Director General and CEO Alexandre de Juniac.

On the conference agenda for IATA in Seoul were topics including the impact of digital transformation, air traffic management, sustainability of the future, and passengers with disabilities.

The proceedings included a memorial event on 2 June for the late Korean Air Chairman Yang Ho Cho who passed away in April.

For Korean Air, hosting this year’s AGM held a special meaning. This year marks Korean Air’s 50th anniversary. It is also the 30th anniversary of Korean Air joining IATA on 1 January, 1989.

The SkyTeam Alliance Board meeting was also held in Korea, in the afternoon of 1 June. Korean Air was a founding member of the alliance in 2000.

Korean Air carried more than 26m passengers in 2018 and operates over 460 flights per day to 124 cities in 44 countries. It has a modern fleet of 168 aircraft and employs 20,000 professional employees. The airline’s main hub is at the Incheon (ICN) International Airport Terminal 2 which opened in 2018.

 

Photo, L-R: Alexandre de Juniac, IATA’s Director General and CEO, Kim Hyun-mee, Minister of Land, Infrastructure and Transport, and Walter Cho, Chairman and CEO of Korean Air, who was elected as President of IATA AGM Seoul

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