Korean Air Lines said last month it aimed to be Asia's strongest aerospace company by 2020. Even by South Korean standards, the assertion seemed a little ambitious, since the company's aircraft and space division is not a fifth of the size of Mitsubishi Heavy Industries' aerospace company, and hardly compares with the sprawling Avic group in China. A month later, Korean Air's chances of standing at the peak of Asian aerospace look a good deal smaller again. To grow fast, Korean Air ...

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