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THE INVESTOR
November 21, 2019
Big Reunion

Industrials

S. Korea approves 7th low-cost carrier

  • PUBLISHED :October 28, 2019 - 11:46
  • UPDATED :October 28, 2019 - 11:46
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South Korea’s Transport Ministry said Oct. 28 it will permit Fly Gangwon, the country’s seventh low-cost carrier, to begin operations next month, a move that could further heat up competition.

An air operator certificate will allow the carrier to offer two flights a day on the Yangyang-Jeju route beginning in November, the ministry said in a statement.


“The aviation authorities will closely monitor the new airline‘s flight preparations, pilot schedules, airplane repairs and maintenance, and others during the first month of operations,” a ministry official said.

The authorities will conduct a comprehensive safety check on Fly Gangwon’s planes and flight programs six months after it starts operations, he said.

Fly Gangwon will operate two 737-800 jets on the Yangyang-Jeju route this year and bring in five more 737-800 chartered planes next year to serve routes to Taiwan, China and Southeast Asia, a company spokesman said.

The budget carrier’s route plans are subject to approval from the Transport Ministry.

Fly Gangwon is headquartered in Yangyang, Gangwon Province, about 220 kilometers east of Seoul.

Currently, Korea has six LCCs -- Jeju Air, Jin Air, Air Busan, Air Seoul, Eastar Jet and T’way Airlines.

By Ram Garikipati and newswires (ram@heraldcorp.com)

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