Eastar Jet, a prominent low-cost airline based in South Korea, has successfully secured a $21 million investmentfrom SG Private Equity, a private equity firm headquartered in Seoul. This strategic infusion of capital is aimed at bolstering Eastar Jet’s efforts to expand its fleet and strengthen its operational capabilities.
Eastar Jet (South Korea) has officially entered the belly cargo business, launching operations on its Seoul Incheon–Bangkok route. This new initiative is part of the airline’s strategic plan to diversify its revenue streams and optimize the use of its passenger aircraft. The airline plans to expand its cargo services further, with routes to Tokyo, Osaka, Taipei, Shanghai, and Zhengzhouscheduled to commence in February 2024. These…
Eastar Jet, a South Korean low-cost carrier, has announced plans to commence a new service between Seoul Incheon (ICN) and Tokushima (TKS) in Japan. The route is scheduled to launch on December 26, 2024, marking another step in strengthening air connectivity between South Korea and Japan.
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…
The Supreme Court of South Korea has ruled that Eastar Jet is responsible for the collapse of its merger with Jeju Air, ordering substantial damages to be paid to Jeju. According to the court’s decision, Eastar Jet must pay Jeju Air 10 billion Korean won, and Daedong Investment, another involved party, is required to pay…
Korea’s Eastar Jet has locked in orders for an additional twelve Boeing 737 MAX 8 aircraft, further bolstering its fleet as the airline continues to expand.
