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Jeju Air adds B737-800 to fleet

All News 10:03 December 31, 2018

SEOUL, Dec. 31 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier by sales, on Monday added a B737-800 jet to its fleet to strengthen its service.

The 189-seat B737-800 is the eighth of eight jets that the carrier acquired in 2018, bringing the size of its fleet to 39, which are composed of 36 leased aircraft and three that the company purchased.

Last month, Jeju Air inked a US$4.4 billion deal with Boeing Co. for 40 new planes, with the delivery set to begin in 2022.

In the January-September period, net profit jumped 31 percent to 84.86 billion won ($75 million) from 64.61 billion won a year earlier. Operating profit climbed 14 percent to 95.82 billion won from 83.79 billion won during the same period. Sales were up 28 percent to 941.93 billion won from 734.78 billion won.

The airline, which uses Jeju International Airport as one of its main hubs, is 59.59 percent owned by Aekyung Group, a cosmetics-to-health care conglomerate.

Jeju Air's B737-800 jet (Yonhap)

sam@yna.co.kr
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