The annual general meeting (AGM) of the International Air Transport Association (IATA), so-called ‘the United Nations Conference on the Aviation Industry’, will be held in June next year in Seoul.
IATA just held its 74th Annual General Meeting in Sydney, Australia for four days from Saturday, June2nd to Tuesday, June 5thand at this time chose Korean Air tohost next year’s IATA AGM.
It will be the first time that all the CEOs of more than 280 airlines from 120 countries around the world will gather in Seoul at the same time. Officials from Korean Air including Keehong Woo, vice president of Korean Air, attended this year’s annual general meeting.
■‘the United Nations Conference on the Aviation Industry’
Next year will mark the first time for the IATA AGMto be held in Korea. The year 2019 will be particularlyspecialas it will mark the 50th anniversary of Korean Air and the 30th anniversary of the airline’s IATA membership.
“The aviation industry is looking forward to meeting in Seoul for the 75th IATA AGM. South Korea has a great story to promote. Strategic planning and foresight have positioned the country as a global hub for transport and logistics,” said Alexandre de Juniac, IATA’s Director General and CEO. “I am confident that Korean Air will be a great host as Seoul is transformed into the capital of the global aviation industry during the AGM. We are also delighted to be in Seoul in the same year Korean Air celebrates its 50th anniversary.”
The IATA AGM is the largest airline industry conference and a well-known “UN conference on the aviation industry” that is attended by more than 1,000 aviation industry personnel from all over the world, including top management and executives of each member airline, aircraft manufacturers, and related companies. The IATA AGM will focus on the development of the international aviation industry and its problems, discussions on the economics and safety of the aviation industry, and the enhancement of friendship between member airlines.
The Koreanaviation industry is expected to become even more prominent as major concerned parties in the world’s aviation industrycome to Korea. In addition, the IATA AGM will serve as a chance to exhibit the beauty and tourism infrastructure of Korea to the world. A boom in tourism, which will create additional economic effects and job positions, is also expected.
■The elevated influence of Korean Air and the Korean aviation industry stands as the background for hosting the event. Korean Air’s Chairman Yang-Ho Cho’s prominent role has also worked as a significant factor.
IATA, established in 1945, is an internationally cooperative organizationwith 287 private airlines from 120 countries. Its dual headquarters arelocated in Montreal, Canada and Geneva, Switzerland, and it has 54 offices in 53 countries around the world.
The association represents the development and interests of the aviation industry, such as policy development, regulation improvement, and business standardization in the international aviation industry. It also runs an audit program, IOSA (IATA Operational Safety Audit), to intensify flight safety.
Korean Air’s selection as the airline to host the next IATA AGM is a result of the airline’s role within IATA and the extended status of the Korean aviation industry. Joining IATA as the first airline member from Korea in January 1989, Korean Air will celebrate its 30th anniversary membership in next year. The airline has also served as a key member of four committees among the six IATA Industry Committees.
In particular, Chairman Cho Yang-hohas been leading IATA’s core decisions on major strategies, detailed policy directions, annual budgets and membership qualifications by serving as a member of the Board of Governors (BOG), a member of IATA’s top policy review and decision committee, and a member of the Strategy and Policy Committee (SPC).
Chairman Cho has been a member of the executive committee for 17 years. Since 2014, he has been serving as one of the 11 Strategy and Policy Committee members who are electedamong 31 executive committee members toparticipate in IATA’s main policy decision process.
■ The opportunity to show Korean Air’s leadership in the international aviation industry through subsequent international aviation conferences
Since the CEO of the hosting airline will act as theChairman of the IATA AGM, Chairman Cho Yang-hoof Korean Air will chair the next IATA AGM to be held in Korea.
In addition, Korean Air will play a leading role in decidingon direction of the airline industry in 2019 by preparing a forum to exchange information regarding trends and changes in the global aviation industry, through various events taking place inthe AGM.
Korean Air willalso host the Association of Asia Pacific Airlines (AAPA) presidents’ meeting in Korea this coming October.By hosting major international air conferences such as the AAPA presidents’ meeting this year and the IATA AGM next year, Korean Air has been provided with great opportunities to secure its role as a leader in the global aviation industry.
In addition to taking part in the recent IATA AGM held in Sydney, Australia fromSaturday, June2ndto Tuesday, June 5th, Korean Air participated in the IATA Executive Committee, Strategic Policy Committee and SkyTeam CEO meetings to discuss various aviation industry agendas.