Budget Carrier Jeju Air Expected to Receive 190 bln Won in State Support

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 [...]