SEOUL, March 2 (Korea Bizwire) — Jeju Air Co., South Korea’s largest low-cost carrier, said Monday it has signed a deal to acquire Eastar Jet for 54.5 billion won (US$45 million) as part of its expansion strategy. Jeju Air was originally planning to sign a share purchase agreement with Eastar Holdings by December to acquire [...]
SEOUL, Dec. 30 (Korea Bizwire) — Jeju Air Co., South Korea’s largest low-cost carrier, said Thursday it has postponed the signing of a deal to acquire Eastar Jet as it takes more time to conduct due diligence on the smaller budget carrier. Jeju Air was originally set to sign a share purchase agreement with Eastar [...]
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, Jan. 7 (Korea Bizwire) — Jeju Air will replace all disposable goods provided onboard the aircraft, such as cups and napkins, with eco-friendly ones, starting on January 15. The eco-friendly paper cups will be made from natural pulp, and will not be coated with chemicals to prevent the cup from getting soaked with liquid. [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s airlines will hire more than 3,500 workers this year as they move to serve ever rising numbers of air passengers, industry sources said Wednesday. Korean Air Lines Co. said it will recruit more than 1,000 new workers, noting that it will fly 17 new flights this year. [...]
SEOUL, Jan. 4 (Korea Bizwire) – South Korean airlines will focus on increasing profits and making aggressive investments in fleets this year to better absorb rising travel and cargo demand, industry sources said Thursday. Full-service carriers such as Korean Air Lines Co. and Asiana Airlines Inc. have drawn up their business plans focusing on profitability. [...]
SEOUL, Dec. 20 (Korea Bizwire) — Jeju Air Co., South Korea’s leading budget carrier, said Wednesday it will increase the number of planes in its fleet to 39 next year. On Wednesday, Jeju Air added its 31st plane, the 189-seat B737-800 leased jet, to strengthen services on routes to Jeju Island and Southeast Asian countries [...]
SEOUL, Oct. 24 (Korea Bizwire) — Jeju Air Co., South Korea’s leading budget carrier, said Tuesday it will open the route to the capital of Laos next week as part of its diversification strategy to offset falling demand on Chinese routes. Jeju Air plans to operate flights on the Incheon-Vientiane route starting Oct. 29. With [...]
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 [...]
SEOUL, April 24 (Korea Bizwire) – Jeju Air, a South Korean low-cost carrier (LCC), will expand its fleet size to 32 planes by December with the aim of serving 10 million passengers annually, the company said Monday. On Sunday, the 29th plane ordered by the Jeju Island-based budget carrier arrived at Gimpo International Airport. The [...]