UK Leasing

South Korean company Jeju Air to receive $ 127 million in additional state aid


A serious brake on the Korean Air-Asiana merger, the anxious LCCs

09.12.2021 – 01:46 UTC

The planned merger of Korean Air (KE, Seoul Incheon) and Asiana Airlines (OZ, Seoul Incheon) is expected to take longer than expected as antitrust authorities in the European Union, United Kingdom and Japan, among others , have not yet scheduled their investigations due to a delay by the national carrier in providing the necessary documents, local media reported on December 7.

Korean Air revealed in November 2020 that it would acquire its long-time rival to create the world’s tenth largest airline by fleet, and documents were reportedly submitted in January to competition agencies in 14 countries for their approval of fusion.

The UK Competition and Markets Authority finally announced on November 19 that it had opened a public invitation to comment on the merger until December 3. less competition in any market or markets in the UK for the goods or services.

The European Commission and the Japanese Fair …

South Korea routs B737 MAX

24.11.2021 – 00:46 UTC

The South Korean Ministry of Land, Infrastructure and Transport (MOLIT) has authorized the resumption of operations of the B737 MAX in the country as of November 22, 2021.

The regulator called on all current and potential Korean MAX operators to implement all changes mandated by the United States Federal Aviation Administration (FAA) in November 2020. It did not impose any further requirements but promised oversight rigorous. He pointed out that global data collected over the past year, after airlines in other parts of the world resumed their own B737 MAX operations, proved the changes so far were sufficient to ensure safety. .

However, the decision is of little practical importance to the struggling Eastar Jet. The LCC, which is in the process of being recertified, has reduced its fleet from twenty-one B737s before the COVID-19 pandemic to just four: two B737-800 dry leased from World Star Aviation and two B737-8 dry leased from Minsheng Financial Leasing, the advanced ch-aviation fleets shows the module.

Under new ownership, the airline intends to focus on the B737NG aircraft and will return both MAX …

Korean company Jeju Air targets Southeast Asia in winter programs

11.11.2021 – 23:36 UTC

After raising around 206.6 billion won ($ 175 million) from a recent rights issue, Jeju Air (7C, Jeju) is now stepping up international services as South Korea prepares for its cold winter season in launching routes to the south.

The Tourism Authority of Thailand and other Thai officials gathered at Chiang Mai Airport on November 5 to welcome the low-cost company’s inaugural flight from Seoul Incheon, which carried a group of 83 passengers , for most golf enthusiasts.

It was the first of six charter flights that will take more than 1,000 golfers to northern Thailand on one flight per week through December 10, thanks to cooperation between Jeju Air and Artitaya Chiang Mai Golf Resort. These will resume in 2022, so that a total of 69 flights with a total capacity of 15,190 seats will operate from Incheon to Chiang Mai through the end of March, generating much-needed tourism revenue for the Thai region.

South Korea is among the 63 approved countries and territories from which travelers can visit Thailand …