Jeju Air Set To Purchase Controlling Stake In Eastar Jet
Credit: Rob Finlayson
South Korea’s largest LCC Jeju Air has committed to buy a majority stake in Eastar Jet, in what could be a major step toward consolidation in the country’s crowded LCC market. Jeju Air issued a stock market disclosure Dec. 18 revealing the prospective deal. The carrier has signed an MOU to purchase...
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