SEOUL, Sept. 3 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier, said Sunday it has resumed services on international routes after a 3 1/2-year hiatus induced by the COVID-19 pandemic. Eastar Jet began providing three flights a week on the route from Gimpo to Songsan in Taiwan starting Saturday, the company said [...]
SEOUL, July 18 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier, said Tuesday it will resume services on the routes to Tokyo and Osaka in September after a three-year hiatus due to the COVID-19 pandemic. Eastar Jet will provide one flight a day on the Incheon-Tokyo route and two flights a day [...]
SEOUL, March 26 (Korea Bizwire) — Eastar Jet Co., a South Korean budget carrier, said Sunday it resumed flights starting with a domestic route, three years after it suspended operations amid the COVID-19 pandemic outbreak and a court-led restructuring. It resumed 20 flights between Gimpo, west of Seoul, and the southernmost island of Jeju, including [...]
SEOUL, March 14 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier (LLC), said Tuesday it will resume flights later this month after a three-year hiatus due to the COVID-19 pandemic, with a focus on putting its business back on track. Eastar Jet, a China-focused carrier, received an air operator certificate (AOC) from [...]
SEOUL, Feb. 28 (Korea Bizwire) — Eastar Jet Co., a South Korean low-cost carrier (LLC), said Tuesday it will resume flights later this month as it has received an air operator certificate (AOC) from the transport ministry. Eastar, a China-focused carrier, has suspended most of its flights on domestic and international routes since March 2020 [...]
SEOUL, Nov. 12 (Korea Bizwire) — A Seoul court on Friday approved the restructuring plans submitted by Eastar Jet Co. paving the way for the budget carrier to resume flights amid an accelerating vaccination campaign. The Seoul Bankruptcy Court’s approval has cleared the way for local property developer Sung Jung Co. to finalize the deal [...]
SEOUL, June 17 (Korea Bizwire) — South Korean property developer Sung Jung, the preliminary preferred bidder for Eastar Jet Co., is set to acquire the financially troubled budget carrier, beating a sole bidder in the latest auction, industry sources said Thursday. On Monday, a consortium led by local underwear company Ssangbangwool, Inc. attended the auction [...]
SEOUL, June 14 (Korea Bizwire) — A consortium led by underwear maker Ssang Bang Wool has submitted a bid to acquire financially troubled budget carrier Eastar Jet Co. to compete with a local construction company that was previously selected as a preferred bidder, industry sources said Monday. Kanglim, a local equipment maker under Ssang Bang [...]
SEOUL, June 13 (Korea Bizwire) — Budget carrier Eastar Jet Co. may pick a preferred bidder next week after reviewing plans from several investors to take over the financially troubled company, industry sources said Sunday. Easter Jet, currently under a court-led rehabilitation scheme, has received letters of intent from several companies, including a consortium led [...]
SEOUL, April 6 (Korea Bizwire) — Financially troubled Eastar Jet aims to select a new investor by early May as several investors have shown an interest in the budget carrier, the company’s chief executive officer said Tuesday. Eastar will decide whether to proceed with the investor selection process in the form of a “stalking-horse” bid [...]