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THE INVESTOR
June 19, 2019
Big Reunion

Industrials

Busan, Changi Airport Group clinch memorandum for expanded air transport

  • PUBLISHED :June 02, 2019 - 12:34
  • UPDATED :June 02, 2019 - 14:47
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BUSAN – The city of Busan and Singapore’s Changi Airport Group on June 1 signed a memorandum of understanding to increase the air transport volume between Busan and Singapore and strategically support trade, business and tourism.

The partnership between Busan and Changi Airport comes as Korea’s low-cost carriers Eastar Jet and Jeju Air and Singapore’s SilkAir were licensed in February with traffic rights for the Singapore-Busan route.

Silk Air has been operating the Singapore-Busan route since May 1, whereas Jeju Air is set to start from July 4.


(From left) Easter Jet CEO Choi Jong-gu, Jeju Air CEO Lee Seok-joo, Changi Airport Group senior adviser Wong Woon Liong, Busan Vice Mayor Yoo Jae-soo, Korea Airports Corp. CEO Son Chang-wan and SilkAir CEO Foo Chai Woo pose after singing a memorandum of understanding at Park Hyatt Busan on May 31. Changi Airport Group



Twenty-seven air carriers operate 1,280 routes per week to 42 cities in 13 countries from Busan’s Gimhae International Airport.

The memorandum, which involves six parties -- Busan Metropolitan Government, Changi Airport Group, Korea Airports Corp., Eastar Jet, Jeju Air and SilkAir -- will be valid for a year, from May 30.

During the period, the city government, airport operators and air carriers will put together efforts to promote and increase leisure and business travel as well as trade between Singapore and Busan, an official said.

“The latest partnership was established to strengthen cooperation between industry players, as well as for stable development of the Busan-Singapore route, which is Gimhae Airport’s longest route,” said a Busan city official.

Son Chang-wan, president of Korea Airports Corp., said the Busan-Singapore route will increase convenience for local travelers and contribute to boosting tourism in Busan and Singapore.

“The air travel between South Korea and Singapore has been growing steadily over the last year with 1.4 million passengers coming here as of last year. We would also like to wish this partnership will bring more tourist from Australia, New Zealand and Southeast Asian countries,” said Lim Ching Kiat, managing director of Airhub Development at Changi Airport Group.

By Kim Da-sol / The Korea Herald (ddd@heraldcorp.com)

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