Los Angeles, Monday April 8th 2019
South Korean entrepreneur and Korea Air CEO Cho Yang Ho have died in a hospital in Los Angeles United States. He was 70 years old.
Korean Air’s chairman Cho Yang Ho is dead according to a statement released by the South Korean airline .
The 70-year-old entrepreneur died peacefully after battling a lung disease in a Los Angeles Clinic .
Cho took over as chairman and CEO of Korean Air from his father in 1999. The following year, Cho became a founder of the SkyTeam airline alliance — a move that put Korean Air on the international map.
Cho was also the chairman Korean Air’s parent company Hanjin-Group.
After a series of scandals surrounding his family life and growing shareholder’s lack of confidence in his leadership, Cho lost his post as the Korean Air board chairman last month, But he retained his position as the boss of South Korean largest airline.
The company sees Cho as “aviation pioneer”. Under his leadership, the airline became a “global power” in the aviation industry. His successor had not yet been appointed.