Jeju Air Confirms Acquisition Of Eastar Jet

Eastar Jet Boeing 737-800
Credit: Rob Finlayson
Jeju Air has signed a deal confirming the purchase of a majority stake in fellow South Korean LCC Eastar Jet at a reduced price than previously estimated. In a Mar. 2 stock exchange filing, Jeju said it will pay KRW54.5 billion ($45.4 million) for a 51.17% share in Eastar Jet. Jeju’s decision...

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