Korean National Airlines

Korean National Airlines was the first air carrier in Korea. Established in 1948 in South Korea, the carrier was merely a regional carrier andndash despite its namendash was privately owned. Its founding chairman was Ryu Gye-Taek.

In late 1961, many Korean industries, including transportation, were nationalized in an effort to spur the country's economic growth. However, Ryu Gye-Taek challenged the government's authority to nationalize his company. However, the already nationalized Bank of Korea denied KNA's application for a loan to pay its corporate taxes. When the company defaulted on its debts, it was forced into bankruptcy. KNA's assets were acquired by the government-run Korean Air Lines ( _ko. 대한항공공사) in 1962.

Fleet

* Douglas DC3 HL-05

References

*http://www.koreanair.com/local/na/gd/eng/au/ci/eng_au_ci_ht.htm