Search result for eastar jet
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...
BUSINESS NUANCES: LAUNCHING AN AIRLINE AMIDST PANDEMIC
- Setting out on an incredulous journey! This is what you would call if you were owner of an airline at such a devastating time when every sector worth its salt has been enduring unrelenting downtimes due to the pandemic.
- Furthermore, Airline sector has been the worst hit, scampe...
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...