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...

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 ...