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Jeju Air Co., Ltd. (), is the first and largest South Korean
low-cost airline A low-cost carrier or low-cost airline (occasionally referred to as '' no-frills'', ''budget'' or '' discount carrier'' or ''airline'', and abbreviated as ''LCC'') is an airline that is operated with an especially high emphasis on minimizing op ...
. 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 Seoul Transportation Corporation, branded as Seoul Metro (Hangul: ), is a municipal-owned corporation owned by Seoul Metropolitan Government, and one of the two major operators of Seoul Metropolitan Subway with Korail. History * May 31, 2017 ...
, 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. In November 2020, there were approximately 3,100 employees at the airline.


History

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 Coronaviruses are a group of related RNA viruses that cause diseases in mammals and birds. In humans and birds, they cause respiratory tract infections that can range from mild to lethal. Mild illnesses in humans include some cases of the comm ...
. In August 2021, Jeju Air sold stock for raising $180 million for financing operations.


Destinations


Codeshare agreements

Jeju Air codeshares with the following airlines. *
Jetstar Jetstar Airways Pty Ltd, operating as Jetstar, is an Australian low-cost airline (self-described as "value-based") headquartered in Melbourne. It is a wholly owned subsidiary of Qantas, created in response to the threat posed by airline Virgi ...


Fleet


Current fleet

, Jeju Air operates an all-
Boeing 737 The Boeing 737 is a narrow-body aircraft produced by Boeing at its Renton Factory in Washington. Developed to supplement the Boeing 727 on short and thin routes, the twinjet retains the 707 fuselage width and six abreast seating with two u ...
fleet composed of the following aircraft:


Retired fleet


Major stockholder

* 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

* On August 12, 2007, ,
Bombardier Dash 8 Q400 The De Havilland Canada DHC-8, commonly known as the Dash 8, is a series of turboprop-powered regional airliners, introduced by de Havilland Canada (DHC) in 1984. DHC was later bought by Boeing in 1988, then by Bombardier in 1992; then by ...
(registered HL5256) 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.


References


External links


Official website
{{Navboxes , list = {{Value Alliance {{Navbox Airlines of South Korea {{IATA members, asia Airlines of South Korea South Korean companies established in 2005 Airlines established in 2005 Companies based in Jeju City Low-cost carriers South Korean brands Value Alliance