Search result for JEJU AIR
S. KOREAN LCC UNDER HEAVY DEBT FROM HUGE DEIFICTS DUE TO PANDEMIC
Highlights –
- S. Korean LCC under heavy debt from huge deficits due to pandemic.
- Jeju Air Co., Jin Air Co. and T'way Air Co. debt-to-equity ratio ranged from 430% to 517% in 2020.
- Jeju Air Co. had 218.4 billion won in equity capita...
S. KOREA'S AIRPORT PASSENGERS FELL SHARPLY IN 2020 BY 58.8 PERCENT
Highlights –
- S. Korea's airport passengers fell sharply in 2020 by 58.8 percent.
- In 2020, the number of people using 15 airports across the nation came to 65 million.
- Incheon International Airport reported a number of passengers t...
FLAGGING KOREAN AIRLINES TO BEGIN TOUTED ‘INTERNATIONAL SIGHTSEEING FLIGHTS’ OVER THE WEEKEND
- Local airlines will begin functioning amid "international sightseeing flights" this weekend to improve their turnover as the prolonged COVID-19 pandemic weighs upon the aviation industry.
- The special flights fly passengers over other countries and then come back to Ko...
EASTAR JET RETRENCHES HALF OF WORKFORCE TO ATTRACT INVESTORS
- Eastar Jet Co. said Tuesday it will retrench more than half of its workforce this week as it doubles up to find a new investor after Jeju Air Co. dashed hopes of acquiring the smaller budget carrier amidst the coronavirus pandemic.
- Eastar plans to deliver pink slips to 605 of s...
JEJU AIR PLANS TO PULL OUT FROM THE MERGER DEAL WITH EASTAR JET
Highlights –
- Jeju Air plans to pull out from the merger deal with Eastar Jet.
- Eastar Jet had failed to meet the deadline to fill its pre-requisites.
- The deal between the two airline companies was of $45 million.
- Unpaid wag...
SOUTH KOREA'S JEJU AIR MAY SCRAP PLAN TO TAKE OVER EASTER JET
HIGHLIGHTS
- Jeju Air Co Ltd is having second thoughts about take over Eastar Jet.
- Jeju is reconsidering its decision due to air travel reducing all over the world due to coronavirus.
- The diplomatic feud between South Korea and Japan is also ...
JEJU AIR TO BE FINANCIALLY SUPPORTED BY STATE LENDERS
Highlights –
- South Korean local commercial lenders will help Jeju Air in the acquisition process of Eastar Jet
- A loan amount of $164 billion to facilitate Jeju Air
- Jeju Air will purchase 51.17 percent of stake in Eastar Jet
EASTAR JET ACQUIRED BY JEJU AIR
HIGHLIGHTS –
- Jeju Air to acquire Eastar Jet, take over management
- Crisis in South Korean aviation market due to COVID-19
- Jeju Air plans to maximize operational efficiency
According to South Korea’s low-cost ai...
Korean aviation industry faces a huge drop
Korean carriers had to cut down more routes due to declining customers, crisis management team has suggest employees to take unpaid leave, South Korean industry has been facing a rough time because of the increase in oil price, the countrywide boycott of trips to Japan previous year, followed by ...
Financial Woes of Jeju Air Co. Ltd!
One of biggest low-cost airlines of South Korea, Jeju Air, has run into a lot of financial troubles because of the trade fight between the Seoul and Tokyo combined with the tsunami of the other trade war between the USA and China. The recent trade tensions erupted when Tokyo in July, tightened ex...