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Jeju Air to Acquire Eastar Jet, Portending Overhaul in Low-cost Airline Sector

Jeju Air to Acquire Eastar Jet, Portending Overhaul in Low-cost Airline Sector

SEOUL, Dec. 18 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest low-cost carrier, said Wednesday it has signed an initial pact to acquire smaller LCC Eastar Jet, heralding a shake-up in the country’s airline sector. Jeju Air will take over a 51.17-percent stake in Eastar Jet for 69.5 billion won (US$60 million) and sign [...]

Jeju Air Launches Service on Incheon-Vladivostok Route

Jeju Air Launches Service on Incheon-Vladivostok Route

INCHEON, Sept. 29 (Korea Bizwire) – Jeju Air Co., South Korea’s leading budget carrier, on Friday began service on the Incheon-Vladivostok route as the number of passengers on it is rapidly rising, Incheon airport authorities said. Jeju Air became the first South Korean low-cost carrier to open the route. The airline provides the service four times a week with a 189-seat plane, according to the authorities. The number of passengers on the route soared more than 30 percent [...]