T’way Air (South Korea) has taken delivery of a Boeing 737‑8, serial 62936, equipped with CFM International LEAP‑1B engines. This delivery enhances its modern narrow-body fleet, improving route efficiency and capacity.
T’way Air, a low-cost airline based in South Korea, has postponed its extraordinary general meeting (EGM) to 24 June 2025, thereby delaying the finalization of its proposed acquisition of Daemyung Sono’s management rights. The move follows a delay in the anticipated ruling from the Fair Trade Commission (FTC), which is currently reviewing the proposed corporate combination.
T’way Air (South Korea) CEO Jeong Hong-geun has stepped down after failing to secure a fourth consecutive term, following the airline’s acquisition by Daemyung Sono Group. This leadership transition marks a significant shift for the South Korean low-cost carrier, which is now under new ownership.
Minority shareholders of T’way Air (South Korea) have begun legal and financial action, alleging violations of their shareholder rights amid the airline’s merger and acquisition agreement involving major stakeholders Yelimdang and Daemyung Sono Group. The dispute highlights growing concerns over transparency and fair treatment in corporate governance during ownership transitions.
T’way Air Co., Ltd., a prominent South Korean low-cost carrier, has announced its financial results for the year ending December 31, 2024. The airline reported sales totaling $1.0 billion, a 13.9% increase compared to the previous year. However, the company also recorded a net loss of $41.5 million, underscoring the persistent challenges faced by the aviation industry amid fluctuating…
Sono Group (South Korea) is fast-tracking its efforts to gain management control of T’way Air, positioning itself as the carrier’s largest shareholder. The move aligns with Sono Group’s broader strategy to establish a resort-linked airline, with a potential inclusion of Air Premia into its portfolio.
T’way Air (South Korea) is strengthening its maintenance and operational readiness by introducing additional spare LEAP-1B27 engines as part of its expanded safety investment initiative. This move aligns with the airline’s fleet expansion plan, which targets a total of 20 Boeing 737-8 aircraft by the end of 2027.
T’way Air, a South Korean low-cost carrier, is at the center of strategic business developments as its shareholder, the Daemyung Sono Group, moves to acquire management rights of the airline. This ambitious step could potentially lead to significant changes in South Korea’s aviation landscape.
StandardAero (US) has entered into a General Terms Agreement (GTA) with T’way Air (South Korea) to provide MRO services for the airline’s CFM56-7B and LEAP-1B engines. This strategic partnership highlights StandardAero’s growing presence in the Asian aviation market and its commitment to delivering reliable maintenance solutions.
T’way Air (South Korea) has announced its plans to launch a new route connecting Daegu and Ulaanbaatar. The service is set to begin on 10 December 2024, utilizing the airline’s Boeing 737-800 aircraft.
