Korean Air: “JAL is a very important airline in Asia and Skyteam is currently negotiating with JAL. Air France and Delta are seeking a partnership with JAL but the details are confidential. JAL is very interested in joining Skyteam,” Yang Ho Cho, CEO. Source: Breaking Travel News, 01-Dec-2009.
Japan Airlines "very interested" in joining SkyTeam: Korean Air CEO
You may also be interested in the following articles...
Korea-Japan: LCCs are poised to overtake full service airlines for first time in Northeast Asia
For the first time in Northeast Asian aviation, low cost airlines are poised to overtake full service airlines in a significant way. The market concerned is that between Japan and Korea, where LCCs are rapidly growing, while full service airlines are decreasing capacity. Overall market size and visitor figures are at record highs. This refutes any legacy airline thinking that LCCs "steal" market share; LCCs are growing the market and becoming the future – as they already are in other parts in the world.
LCCs accounted for 1% of available seats between Japan and Korea in 2009, reached 37% in 2016, and so far in 2017 will account for 49% of the market. Limited airport data indicates that LCCs, operating at higher load factors, already transport more passengers than full service airlines, and by the end of 2017 LCCs should easily account for the majority of capacity.
LCCs already fly more airport pairs than their full service counterparts. The LCC development between Japan and Korea illustrates underlying LCC opportunity in Northeast Asia but also reflects on the importance of liberalisation, and for full service airlines to have efficient cost bases.
Delta's strong codeshare increase helps Korean Air with rapid Asia-America change; nudges for a JV
Korean Air is at last taking the plunge into strategic partnerships as it weighs accepting a deep partnership, even a joint venture and an equity stake, from "frenemy" Delta Air Lines. It will be the first major partnership for Korean Air and the Seoul Incheon hub, and will finally give Delta the Asian JV it has lacked.
Korean Air quietly bet the house on an Asia-North America transfer business, but now needs a friend as airlines in mainland China and elsewhere add rapid growth to the trans-Pacific. In the space of five years Cathay Pacific and Air Canada have overtaken Korean Air, while China's airlines have gone from being collectively smaller than Korean Air to nearly three times as large.
Delta has brought back Korean Air's codeshares and in a possible peace offering is giving Korean Air more codeshare access than ever before. Korean Air receives critical behind gateway feed, and a reminder of what more can be achieved with Delta as a friend. From having no codeshares in 2015, in 2017 Korean Air is now Delta's largest non JV codeshare partner.