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Shown above is an artist’s concept of a new aircraft maintenance facility, which will be built by Atlas Air in Incheon, South Korea. Photo courtesy of Incheon International Airport Corp.

Incheon airport attracts global corporation

The Incheon International Airport Corp. (IIAC) announced on Dec. 15 that it would embrace a large-scale aircraft maintenance facility of Atlas Air of the United States, one of the world’s top air cargo carriers.

The IIAC said that the outfit had signed an agreement with Atlas Air Worldwide Holdings and Sharp Technics K to build Atlas Air’s Asia-Pacific aircraft maintenance, repair, and overhaul facility in Incheon.

Atlas Air Worldwide Holdings is the parent company of three airlines, including Atlas Air, Polar Air Cargo, and Titan Aviation. As the world’s business bellwether, it runs more than 100 airplanes.

Sharp Technics K is a Korean company, which works on aircraft maintenance.

Toward that end, the two entities plan to found a joint venture, dubbed Atlas Air Technical Service, according to the IIAC.

The IIAC expected that upon its completion in 2026, the facility would be able to deal with four large-sized airplanes at the same time.

The joint venture is set to establish another facility by the end of this decade in case the demand for maintenance services goes up, the IIAC noted.

“We expect that the new facility will eventually create new jobs amounting to 1,800,” the IIAC said in a statement.

However, the IIAC did not disclose how much Atlas Air would spend on the new investment plan.

The IIAC has tried to accommodate maintenance and repair facilities. Currently, only three Korean companies of Korean Air, Asiana Airlines, and Sharp Technics K operate maintenance shops there.

After the agreement with Atlas Air, the IIAC aims to ink a deal with the Israel Aerospace Industries next year.

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The publisher studied Korean history in Seoul and management of business administration in the United Kingdom. He has 20-year experiences in the media business. Kim can be reached at voc200@gmail.com or 82-2-6956-6698.