Keyword Analysis & Research: eastar jet fleet

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What is the history of Eastar Jet?

On January 7, 2009, Eastar Jet launched its first commercial flight from Seoul to Jeju with a Boeing 737. It commenced operations on its second route - Cheongju-Jeju - on June 12, 2009. Six months after, on December 24, 2009, Eastar Jet launched its first international flight from Incheon to Kuching, Malaysia.

What is Eastar Jet's restructuring plan?

Eastar Jet also began restructuring, the plan includes reduction of its fleet of 16 aircraft to 4 and reduce the labor force from 1,200 to 400, however, Jeju Air will rehire all of its dismissed staff.

Is Jeju Air taking over management of Eastar Jet?

On 2 March 2020, Jeju Air, one of the Korean Low Cost Carrier has decided to take over management rights of Eastar Jet and signed a stock trading contract and Jeju Air acquires 51.17% stake of Eastar Jet cost of 54.5 billion won. and Jeju Air 's M&A plan got approval from Fair Trade Commission of the Republic of Korea.

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