business jets Archives | Be Korea-savvy

VistaJet Operates Record Number of Flights as Members Increase by 32% in First Half of 2018

LONDON, Jul. 11 (Korea Bizwire) — VistaJet, the first and only global business aviation company, continued to gain substantial market share around the world during the first half of 2018. Driven by the sustained demand for the Company’s flagship Program subscription model, new Members rose by 32% year-on-year, with Europe doubling the number of new contracts [...]

Samsung to Repurchase Its Business Jets from Now Hanhwa’s “Techwin”

SEOUL, Nov. 28 (Korea Bizwire) – After the 2-trillion won (US$1.8 billion) deal that sent its chemical and defense subsidiaries (including Samsung Techwin) to Hanhwa Group, Samsung plans to repurchase its business jets, which are currently under Techwin’s management. Hanwha’s acquisition of Samsung Techwin made industry watchers curious about the disposal of the Samsung Group [...]