Korean Air Lines estimated losses on its investments in Hanjin Shipping, which applied for court receivership Wednesday, at more than a third of projected operating income for this year. Losses on loans and an equity stake in the container shipping line will be as much as KRW383.3b (US$344), Korean Air Lines said in a regulatory filing Wednesday. Operating profit for the airline will probably be KRW1t this year, according to the average of analyst estimates. Hanjin Shipping is part of Hanjin Group, which also owns Korean Air Lines. Korean Air loaned funds to Hanjin Shipping and bought shares in the container line in 2014 to become the biggest shareholder with 33%. The group, which also counts airport services, logistics and mineral water among its businesses, is headed by chairman Cho Yang Ho. <br/>