Keyword Analysis & Research: eastar jet korea

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What is Eastar Jet?

Eastar Jet is a low-cost airline based at Seoul Gimpo Airport (GMP) South Korea. Eastar Jet serves more than 30 destinations in 11 countries.

Is South Korea's Eastar Jet back in the sky?

South Korea’s troubled low-cost carrier Eastar Jet, which filed for court receivership last month, could be back in the sky as soon as June amid increased chances of a deal.

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.

Why did Eastar Jet file for receivership?

SEOUL, Jan 15 (Reuters) - South Korea’s Eastar Jet filed for court receivership this week, a Seoul court said on Friday, as the pandemic-hit budget airline fights for its survival, considering options such as a merger and acquisition among strategies to stay in business.

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