Jeju Air to acquire Eastar Jet, portending overhaul in low-cost airline sector

Seoul: Jeju Air Co., South Korea’s biggest low-cost carrier, said Wednesday it has signed an initial pact to acquire smaller LCC Eastar Jet, heralding a shake-up in the country’s airline sector. Jeju Air will take over a 51.17-percent stake in Eastar Jet for 69.5 billion won ($60 million) and sign a share purchase agreement with […]

18 December , 2019Comments Off on Jeju Air to acquire Eastar Jet, portending overhaul in low-cost airline sectorRead More