SEOUL, Nov. 5 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Friday it will resume flights to Guam later this month amid the country’s accelerating vaccination campaign. Jeju Air plans to operate 38 flights on the Incheon-Guam route from Nov. 25 to Jan. 31 before it begins regular flights, depending on [...]
SEOUL, Oct. 19 (Korea Bizwire) – Jeju Air Co., South Korea’s biggest budget carrier, said Tuesday it will launch charter flights to Chiang Mai next month for tourists to enjoy golf courses in Thailand. Jeju Air said it will operate a flight every Friday on the Incheon-Chiang Mai route starting on Nov. 5. The scheduled [...]
SEOUL, Oct. 14 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Thursday it will raise 127 billion won (US$107 million) by selling stocks in preparation for the post-coronavirus era. Jeju Air plans to issue 11.26 million shares at 18,350 won per share to employees and existing shareholders from Oct. 18-19 and [...]
SEOUL, June 8 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier by sales, said Tuesday it has resumed flights to Saipan in a preemptive measure to absorb post-coronavirus travel demand. Jeju Air started to provide one flight a week on the Incheon-Saipan route on the day following permission from the transport ministry, [...]
SEOUL, April 22 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier by sales, said Thursday it will resume flights to Saipan late next month in a preemptive measure to absorb post-coronavirus travel demand. Jeju Air plans to reopen the Incheon-Saipan route on May 28 upon permission from the Ministry of Land, Infrastructure [...]
SEOUL, Nov. 5 (Korea Bizwire) — Jeju Air Co., South Korea’s top low-cost carrier, is expected to receive some 190 billion won (US$169 million) in state financial support, as the company seeks to overcome a pandemic-caused cash crunch, sources said Thursday. The main creditor, the Export-Import Bank of Korea, has conducted due diligence on Jeju [...]
SEOUL, Oct. 22 (Korea Bizwire) – Jeju Air Co., South Korea’s biggest low-cost carrier, said Thursday it will carry cargo using a passenger jet to offset a sharp decline in air travel demand amid the coronavirus pandemic. Jeju Air plans to deploy a B737-800 passenger jet to deliver cargo from Incheon to Bangkok from late [...]
SEOUL, Sept. 11 (Korea Bizwire) — The prolonged impact of the new coronavirus on the airline industry has derailed two major deals in the aviation sector here, triggering concerns of massive layoffs and the overhaul of the country’s airline industry amid worsening business conditions. On Friday, Kumho Industrial Co., which owns Asiana Airlines Inc. notified [...]
SEOUL, July 23 (Korea Bizwire) — Debt-ridden Eastar Jet Co. may face bankruptcy after Jeju Air Co. scrapped its plan to acquire the smaller budget carrier amid the new coronavirus’ impact on the airline industry, sources said Thursday. Jeju Air, South Korea’s biggest low-cost carrier, said earlier in the day that it has decided to [...]
SEOUL, June 29 (Korea Bizwire) — Eastar Jet Co. said Monday its founding family members will donate their stake in Eastar in a move to bring Jeju Air Co.’s stalled takeover of the smaller budget carrier back on track amid concerns over potential rupture. Rep. Lee Sang-jik of the ruling Democratic Party, Eastar Jet’s founder, [...]