Posted on: 18 February 2014 by Mark Howells
South Korea’s Jeju Air plans to boost its Boeing 737-800 fleet from 14 to 17 by the end of this year and to 21 by the end of 2015 on the back of 25% annual growth in its business over the last three years.
Jeju Air, which is the country’s third largest carrier after Korean Airlines and Asiana, carrying 1.322 million passengers in 2013, is aiming for an initial public offering (IPO) around the third quarter of next year, Ken Choi, chief executive officer told delegates at the World Low Cost Airlines Asia-Pacific conference, taking place in Singapore on 18-19 February.
A new Korean–China air services agreement expected to be signed shortly is likely to significantly open up the Chinese market, said Choi, bringing “significant opportunities for us and others”.
Emma Kelly, Asia-Pacific correspondent, Low-Fare & Regional Airlines/LARAnews.net
Photo: Kentaro Lemoto