Busan steps up push to host integrated LCC headquarters
The planned merger of Jin Air, Air Busan and Air Seoul has reignited Busan’s push to host the headquarters of the integrated low-cost carrier (LCC) and build a second aviation hub outside Seoul. The issue has gained urgency, as Air Busan will soon be absorbed into Jin Air, leaving the southern port city without its own regional carrier. As Air Busan is set to disappear as a separate legal entity…
Busan is intensifying its efforts to secure the headquarters for an integrated low-cost carrier (LCC) following the planned merger of Jin Air, Air Busan, and Air Seoul. This push has gained momentum as Air Busan will soon be absorbed into Jin Air, leaving Busan without its own regional carrier. With Air Busan set to cease as a separate entity upon the March launch of the combined Jin Air, relocating the headquarters to Busan has become the city's final viable option.
However, Jin Air's articles of association require its headquarters to be in Seoul, presenting a hurdle for Busan's bid. Civic groups in Busan are advocating for legal amendments to permit the integrated LCC to be headquartered in the southeastern city. The construction of Gadeokdo New Airport in Busan has further bolstered local communities' belief that a regional carrier is crucial for the airport's successful opening and early operations.
This issue has also gained political attention, with the government playing a role in the ongoing debate.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Busan steps up push to host integrated LCC headquarters koreatimes.co.kr
