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.
Jeju Air, a leading South Korean low-cost carrier, has secured approximately US$95 million in cash to strengthen its financial position. This move follows a significant drop in reservations after a recent Boeing 737-800 crash involving another airline, which has raised safety concerns among travelers.
Jeju Air (South Korea) is bracing for increased financial challenges following the crash of one of its B737-800 aircraft. The incident has placed additional strain on the airline’s cash flow, already burdened by advance payments for airline tickets, which currently stand at approximately US$176.8 million.
Jeju Air, a leading low-cost carrier from South Korea, has filed plans to launch nonstop flights between Seoul Incheon and Singapore, starting 30 March 2025. The route will be operated using a Boeing 737-800, catering to the rising demand for direct connectivity between the two cities.
Jeju Air, South Korea’s largest low-cost carrier, has reported a 5.4% increase in sales for the third quarter of 2024, totaling $335.2 million. However, the airline experienced a significant 59% decline in net profit, which fell to $31.3 million. The mixed results highlight the challenges Jeju Air faces in balancing revenue growth with profitability amid…
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…
