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Jeju Air Co., Ltd. (Korean제주항공; Hanja濟州航空), is the first and largest South Korean low-cost airline.[1][2] It offers scheduled domestic services between several cities in South Korea, as well as between Seoul and international destinations including Japan, China, Russia, the Mariana Islands, and various Southeast Asian countries. It is also a founding member of the Value Alliance. Jeju Air is named after the Jeju Island. The airline, a member of AK group, has opened a Seoul head office tower hotel at Hongik station of the Seoul Metro, to diversify income.

Jeju Air
제주항공
Jeju Hanggong
Jeju Air Logo.svg
IATA ICAO Callsign
7C JJA JEJU AIR
FoundedJanuary 25, 2005
Hubs
Frequent-flyer programRefresh Point
AllianceValue Alliance
Fleet size46
Destinations41
Company sloganNew Standard, JEJUair
Parent companyAekyung Group
HeadquartersJeju City, Jeju Province
Key peopleSeok Joo Lee (C.E.O.) Yong Chan An (C.E.O.)
Employees2,700
Websitehttp://www.jejuair.net/
Jeju Air
Hangul
Hanja
Revised RomanizationJeju Hanggong
McCune–ReischauerChechu Hanggong

In 2018, Jeju Air carried 7.3 million international passengers along with 4.7 million domestic passengers. It domestic traffic has been relatively flat since 2016 as it has focused almost entirely on international expansion.[3]

HistoryEdit

Established as a joint venture by Aekyung Group and the Jeju Island government on January 25, 2005, Jeju Air became Korea's first low-cost airline. In 2016, it helped found Value Alliance, the world’s first pan-regional low-cost carrier (LCC) alliance, comprising eight Asia Pacific LCCs. In 2017, Jeju Air carried over 60 million passengers, with revenue reported of $890mm US operating profits over $80mm US.

DestinationsEdit

Codeshare agreementsEdit

Jeju Air codeshares with the following airlines.

FleetEdit

As of November 2019, Jeju Air operates an all-Boeing fleet consisting of the following aircraft:[5][6]

Aircraft In fleet Orders Passengers Notes
W Y Total
Boeing 737-800 3 12 162 174
43 189 189
Boeing 737 MAX 8 40 189 189 Order with 10 options.[7]
Total 46 40

Retired fleetEdit

Jeju Air retired fleet
Aircraft Total Introduced Retired Notes
Bombardier Dash 8 Q400 5 2006 2010

Major stockholderEdit

  • AKholdings 57.07%
  • Ekeong-Yuji Industry 6.30%
  • Jeju Special Self-Governing Province 7.66%

Based on Q1 audit report in 2017

Accidents and IncidentsEdit

  • On August 12, 2007, Jeju Air Flight 502 had performed a runway overshoot at Gimhae International Airport. All 74 passengers and 5 crews survived, but 6 passengers suffered minor injuries. Jeju Air Flight 502 is the first and the only incident of Jeju Air.

ReferencesEdit

  1. ^ "Contact Us." Jeju Air. Retrieved on March 5, 2010. "제주특별자치도 제주시 연동 301–7"
  2. ^ "Jeju Head Office Archived 2011-08-30 at the Wayback Machine." Jeju Air. Retrieved on December 27, 2011. "#301-7, Yeon-dong, Jeju City, Jeju Special Self-Governing Province"
  3. ^ "South Korea aviation market: a decade of rapid growth driven by LCCs". CAPA. 2 June 2019.
  4. ^ "제주항공-濠 제트스타, 인천~골드코스트 공동운항" (in Korean). 파이낸셜뉴스 (Financial News). 3 May 2019.
  5. ^ "Jeju Air Fleet Details and History". planespotters.net. 23 August 2018. Retrieved 23 August 2018.
  6. ^ "Global Airline Guide 2019 (Part One)". Airliner World. October 2019: 19.
  7. ^ "South Korea's Jeju Air orders 40 Boeing planes worth $4.4 billion". Reuters. 20 November 2018.

External linksEdit