Jeju Air

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Jeju Air
제주항공
Jeju Hanggong
Jeju Air Logo.svg
IATA ICAO Callsign
7C JJA JEJU AIR
Founded25 January 2005; 17 years ago (2005-01-25)
Operating bases
Frequent-flyer programRefresh Point
AllianceValue Alliance
Fleet size39
Destinations41
Parent companyAekyung Group
HeadquartersJeju City, Jeju Province
Key peopleSeok Joo Lee (C.E.O.)
Yong Chan An (C.E.O.)
Employees2,700
Websitewww.jejuair.net
Korean name
Hangul
Hanja
Revised RomanizationJeju Hanggong
McCune–ReischauerChechu Hanggong

Jeju Air Co., Ltd. (Korean제주항공; RRJeju Hanggong), is the first and largest South Korean low-cost airline.[1][2] It offers scheduled domestic services, as well as international destinations including China, Japan, 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.

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]

In November 2020, there were approximately 3,100 employees at the airline.[4]

History[edit]

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.

Jeju Air flight operations were affected by the coronavirus outbreak. In August 2021, Jeju Air sold stock for raising $180 million for financing operations.[5]

Destinations[edit]

Codeshare agreements[edit]

Jeju Air codeshares with the following airlines.

Fleet[edit]

Current fleet[edit]

A Jeju Air Boeing 737-800

As of March 2022, Jeju Air operates an all-Boeing 737 fleet composed of the following aircraft:[7][8]

Aircraft In fleet Orders Passengers Notes
W Y Total
Boeing 737-800 39 12 162 174
189 189
Boeing 737 MAX 8 40 189 189 Order with 10 options.[9]
Jeju Air Cargo aircraft
Boeing 737-800BCF 1 Cargo Deliveries from 2022.[10]
Total 40 40

Retired fleet[edit]

Jeju Air retired fleet
Aircraft Total Introduced Retired Notes
De Havilland Canada Dash 8-400 4 2006 2010
1 2007 Written off as Flight 502

Major stockholder[edit]

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

Based on Q1 audit report in 2017

Accidents and Incidents[edit]

References[edit]

  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. ^ "Company Story".{{cite web}}: CS1 maint: url-status (link)
  5. ^ "Korea's AK Holdings to invest $77mn in Jeju Air share issue". ch-aviation. Retrieved 2021-09-15.
  6. ^ 제주항공-濠 제트스타, 인천~골드코스트 공동운항 (in Korean). 파이낸셜뉴스 (Financial News). 3 May 2019.
  7. ^ "Jeju Air Fleet Details and History". planespotters.net. 23 August 2018. Retrieved 23 August 2018.
  8. ^ "Global Airline Guide 2019 (Part One)". Airliner World. October 2019: 19.
  9. ^ "South Korea's Jeju Air orders 40 Boeing planes worth $4.4 billion". Reuters. 20 November 2018.
  10. ^ "Jeju Air to introduce cargo plane in first half amid prolonged pandemic". Yonhap News Agency. 13 February 2022.
  11. ^ Ranter, Harro. "ASN Aircraft accident de Havilland Canada DHC-8-402 Q400 HL5256 Busan-Gimhae (Pusan) International Airport (PUS)". aviation-safety.net. Retrieved 2020-03-16.

External links[edit]