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 efforts to host the headquarters of an integrated low-cost carrier (LCC) following the planned merger of Jin Air, Air Busan and Air Seoul. The city sees the need for a second aviation hub outside Seoul as Air Busan, one of the merging carriers, will soon cease to exist as an independent entity. With the launch of the combined Jin Air in March, Busan risks losing its regional carrier entirely.
The proposal faces a major hurdle, as Jin Air's articles of association require its headquarters to be situated in Seoul. Civic groups in Busan are advocating for legal amendments to permit the integrated LCC to establish its headquarters in the southeastern city. With construction underway for Gadeokdo New Airport, local communities argue that a regional carrier will be crucial to the airport's successful opening and early operations.
The issue has also gained political traction, with the government closely monitoring the developments.
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.
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- Busan steps up push to host integrated LCC headquarters koreatimes.co.kr
