Korea’s LCCs to counter headwinds with exclusive routes, lower fares

South Korea’s budget airlines are gearing up to weather the sector’s downturn amid a weaker local currency and a sluggish domestic econo...

Eastar Jet introduces fuel efficiency analysis program

South Korea's low-cost carrier Eastar Jet announced on Friday that it will be the first domestic budget airline to introduce the Fuel Analytics prog...

MBK, Air Premia team up for Asiana’s cargo unit; Jeju Air exits

South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s ...

Eastar Jet resumes int'l flights after three and half years

South Korea's low-cost carrier Eastar Jet on Sunday said it resumed international flights for the first time in three and a half years starting with...

Eastar Jet resumes operations with sold-out flights after three-year hiatus

South Korean low-cost airline Eastar Jet Co. has recommenced commercial operations after a three-year suspension, with a flight from Gimpo to Jeju t...

Eastar Jet to add 7 airplanes with aim to rake in $111.2 mn in 2023 sales

Eastar Jet Co., a South Korean low-cost airline, will expand its fleet to 10 aircraft this year to resume flight services at home and abroad about t...

PE firm VIG Partners takes over Korean low-cost carrier Eastar

South Korean private equity firm VIG Partners has acquired a 100% stake in low-cost carrier (LCC) Eastar Jet Co., the asset manager said on Jan. 6. ...

SBW emerges as sole bidder for Eastar Jet acquisition

Korea’s fashion company Ssangbangwool Inc. (SBW) was the only participant in the Eastar Jet Co. sellout bidding held at the Seoul Bankruptcy C...

Failed M&As in Korea now draw excess of candidates with better outlook

South Korea’s M&A market is heating up as the outlook for the global economic recovery is becoming more comfortable this year.The M&A ...