SEOUL, Jan. 20 (Korea Bizwire) — South Korean low cost airline market is bound to change with the emergence of both new and giant low-cost carriers (LCCs). Air Premia Co. reportedly plans to introduce Boeing 787-9 aircraft next month and receive an air operator certificate (AOC) from the Ministry of Land, Infrastructure and Transport. While [...]
SEOUL, May 26 (Korea Bizewire) — Jin Air Co. and other low-cost carriers plan to resume flights on some international routes next month to cater to incoming passengers and meet cargo-carrying demand. Jin Air plans to restart flight services on routes from Incheon to Bangkok, Taipei, Narita, Osaka and Vietnam on June 1, to bring [...]
SEOUL, Oct. 14 (Korea Bizwire) — Low-cost carriers (LCCs) will be a key growth driver for South Korea’s commercial aviation market and take the lead in the Northeast Asian region market, a Boeing executive said Monday. South Korean LCCs are currently leading the Northeast Asian commercial aviation market, accounting for 65 percent of the entire [...]
SEOUL, Aug. 6 (Korea Bizwire) — Several Japanese local governments have asked South Korean low-cost carriers (LLCs) to retain flight routes to Japan amid a rising boycott of travel to the neighboring country, industry sources said Tuesday. High-level delegations from Japanese cities and prefectures, including Takamatsu City, recently visited such South Korean budget carriers as [...]
SEOUL, May 3 (Korea Bizwire) — South Korea has granted low-cost carriers (LCCs) rights to sharply increase the number of their flights on much sought-after routes to China, heralding stiffer competition with full-service rivals. The Ministry of Land, Infrastructure and Transport decided Thursday to allow budget carriers to operate an additional 118 flights on 30 [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s transportation ministry said Tuesday that it issued business licenses to three new budget carriers, a move that could further fuel competition in the already heated no-frills flight market. The ministry said licenses have been provided to Fly Gangwon, Air Premia Co. and Aero K Airlines Co. Currently, [...]
SEOUL, Feb. 4 (Korea Bizwire) – It has been 14 years since the introduction of low-cost carriers (LCCs) in South Korea. The domestic aviation market, which was dominated by Korean Air Line Co. and Asiana Airlines Inc., has changed significantly since the launch of LCCs in 2005. Currently, LCCs account for nearly 60 percent of [...]
BUSAN, Jan. 14 (Korea Bizwire) — Low-cost carriers (LCCs) in South Korea are expected to compete fiercely to win a license to operate a regular direct flight service between the southern port city of Busan and Singapore, industry sources said Monday. The Ministry of Land, Infrastructure and Transport is slated to receive applications for the [...]
SEOUL, Sept. 25 (Korea Bizwire) – Local South Korean airline carriers plan to train and hire 3,000 pilots by 2022 to meet growing demand, the transport ministry said Monday. The move is designed to help meet rising demand for airline service as an increasing number of Koreans opt to travel abroad. Currently, low-cost carriers offer [...]
SEOUL, July 31 (Korea Bizwire) – The number of consumer complaints lodged against South Korea’s budget carriers was nearly twice as high as complaints leveled on full-service airlines last year, a consumer rights agency said Monday. In 2016, low-cost carriers (LCC) received a total of 417 consumer complaints, while Korean Air Lines Co. and Asiana [...]