Korean Air and Boeing break ground for training centerKorean Air Lines had a groundbreaking yesterday with American aircraft manufacturer Boeing for construction of an aviation training facility in Incheon’s Free Economic Zone (IFEZ).
Hanjin Group Chairman Cho Yang-ho, Incheon Mayor Song Young-gil and Boeing Flight Services Vice President Sherry Carbary were among 100 guests that attended the ceremony near Incheon International Airport.
The four-story training center will be built on a 32,614-square-meter (351,054-square-feet) site. KAL and Boeing will invest 150 billion won ($141 million) and bring in 12 full flight simulators.
It will be jointly operated by KAL and Boeing once it is completed by 2015. It aims to provide training for 3,500 pilots annually.
More in Industry
As profits boom, big Korean companies reduce head counts
Hyundai Heavy confirms bid to buy stake in Doosan Infracore
It's a wrap
Joining hands for MOU