Jeju Air, South Korea’s largest low-cost carrier, has completed the purchase of its fifth Boeing 737-8, serial number 66542, powered by LEAP-1B engines. This addition brings the airline’s total fleet size to 43 aircraft, underscoring its steady post-pandemic recovery and growth trajectory.
Jeju Air, South Korea’s largest low-cost carrier, has expanded its modern fleet with the delivery of its fourth Boeing 737-8, carrying manufacturer serial number (MSN) 66541. The aircraft is powered by LEAP-1B engines, developed by CFM International, and continues the airline’s fleet renewal strategy centered on fuel efficiency and operational performance.
Jeju Air, South Korea’s largest low-cost carrier, has announced a significant downturn in its financial results for the first quarter of 2025. The airline posted a net loss of $17 million, coupled with a 32% decline in revenue year-on-year, bringing total revenue to $259.7 million.
Jeju Air (South Korea) has announced its 2024 financial results, showing total revenue climbed 12.3% to $1.3 billion, reflecting strong passenger demand. However, the airline’s net profit plummeted 83.8% to $15 million, impacted by rising operational costs and economic challenges.
Jeju Air, South Korea’s leading low-cost carrier, has bolstered its fleet by acquiring a new Boeing 737-8 aircraft. This addition brings the airline’s total fleet size to 41 aircraft, including three B737-8 units received since 2023.
SkyWorks Holdings, a US-based aviation asset management and advisory firm, has released details of its 4Q 2024 activities, which include a range of sale, leaseback, and financing transactions across multiple aircraft types and global clients.
Jeju Air, a prominent South Korean airline, is at the center of an ongoing investigation following the recent crash of one of its Boeing 737-800 aircraft. A preliminary report has revealed the presence of duck DNA in both engines, raising questions about bird strikes as a potential contributing factor.
Jeju Air, a leading low-cost carrier in South Korea, has decided to cancel its planned Seoul Incheon-Singapore route, which was initially scheduled to commence on March 30, 2025. The service was to be operated using a Boeing 737-800, a mainstay of the airline’s fleet for regional operations.
AK Holdings Co., the parent company of Jeju Air, has announced the cancellation of its planned corporate bond issuance. The company has also requested the credit rating agency to withdraw the associated rating for the bond. This decision marks a shift in AK Holdings’ financing strategy as it navigates ongoing challenges in the aviation sector.
Jeju Air, a major South Korean low-cost carrier, faces leadership turbulence as its CEO, Kim E-bae, has been barred from leaving the country. The travel ban, imposed by the investigation team, is part of an ongoing inquiry into undisclosed matters concerning the airline’s operations or management.
