A new leader has been appointed for Air Incheon, the only domestic cargo airline that acquired Asiana Airlines' cargo division.
According to industry sources on the 24th, Air Incheon appointed Kim Kwan-sik, the former Executive Vice President and Chief Financial Officer (CFO) of Air Incheon, as the new CEO effective from the 11th. Kim graduated from the Department of Business Administration at Chonbuk National University and joined Kumho Tire in 1993, later moving to the Strategy Management Division of Kumho Asiana Group in 2000. He subsequently served as Director General of Kumho Tire's U.S. subsidiary in 2009, head of accounting at Kumho Tire in 2013, and CFO of Kumho Tire's Chinese subsidiary in 2017.
In 2018, he served as CEO of the facility management company KF, a subsidiary of Kumho Asiana Group, and then held the position of Vice President and CFO at HSD Engine (now Hanwha Engine), a manufacturer of marine engines, until completing his term in February of this year.
This month, he was recruited by Air Incheon upon the recommendation of its largest shareholder, private equity firm Socios Private Equity, and within a month, he has risen to the CEO position. New CEO Kim is expected to lead the integration of Air Incheon's financial stability and the post-acquisition integration (PMI) of Asiana Airlines' cargo business.
Meanwhile, Air Incheon is scheduled to sign a formal contract on January 16 of next year to acquire Asiana Airlines' cargo division. Subsequently, it plans to initiate licensing procedures for cargo transportation, aiming for the launch of "Integrated Air Incheon" on July 1 next year. To this end, on the 16th, it established the "Air Incheon-Asiana Cargo Integration Task Force (TF)."