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Jin Air

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Jin Air

IATA Code
LJ
ICAO Code
JNA
Website
http://www.jinair.com
Main hub
Jeju Airport
Country
South Korea
Business model
Low Cost Carrier

Formerly known as Air Korea, Jin Air is a low-cost carrier based in Seoul, South Korea. The carrier, which is wholly owned by Korean Air, operates a network of services within South Korea and Asia out of its main base at Gimpo International Airport.

Location of Jin Air main hub (Jeju Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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118 total articles

6,131 total articles

LCC penetration in domestic South Korean market reaches new highs but at what cost?

4-Nov-11 8:00 AM

South Korea’s five major LCCs held an aggregate domestic market share of 42.3% in 3Q2011 in the third quarter of 2011, up from the 40.3% in the six months to Jun-2011 (1H2011), which itself was a new record for LCC penetration in the North Asian nation. This penetration, as confirmed by South Korea’s Ministry of Land, Transport and Maritime Affairs, marks a significant rise from a combined market share of just 9.7% three years ago.

However, profitable growth remains a continued challenge for South Korea’s LCCs. In 2008, two LCCs in the market, namely Hansung Airline and Yeongnam Air, collapsed amid challenges economic conditions, high fuel costs, a weakened Korean won and funding challenges amid the global economic financial crisis. Among those left standing, losses were heavy, with the nation’s four LCCs in 2009 – EastarJet, Jeju Air, Jin Air and Air Busan, reporting combined losses in excess of USD55 million in 2009.

Macau Airport traffic declines from 2007 peak as impact from cross-Strait liberalisation bites

21-Sep-11 12:46 PM

Macau's aviation market has struggled since 2007 under a strategic, political and operational stalemate, which has seen the collapse of one of its two airlines and a sizeable contraction in air passenger and cargo numbers. However, interest in Macau is picking up again, as new LCCs emerge in North Asia, namely Korea and Japan. Foreign LCCs and Macau-China Mainland traffic is now driving traffic. The Jetstar Group has even identified Macau as a potential hub option. Overall, 2011 is expected to be a year of stabilisation for Macau, as it begins to claw back some of the lost ground of the past few years. However, growth will likely remain moderate for the foreseeable future.

South Korean LCCs hold 40% share in domestic market, led by Air Busan

21-Jul-11 4:31 PM

South Korea’s five major LCCs held an aggregate domestic market share of 40.3% in the six months to Jun-2011 (1H2011), a new record for LCC penetration in the North Asian nation. This penetration marks a significant rise from a combined market share of just 9.7% three years ago.

Can South Korea’s LCCs survive a sea of red ink?

1-Apr-10 3:55 PM

South Korea, like the rest of North Asia, has been slow to adopt the LCC model, especially when compared to its Southeast Asian neighbours, with the main impediment to expansion being conservative regulatory regimes, with protectionism still prevalent in the region. But several South Korean LCCs have established over the last three years (though some have failed). The survivors are in the process of restructuring after heavy losses in 2009, and are increasingly looking for offshore growth opportunities as part of their recovery efforts.

LCCs in Japan, Korea and China. Massive growth potential to be realised in the next decade

27-Nov-09 11:30 AM

The second decade of the 21st century will see low cost airlines arrive on a massive scale in North Asia. The region has not seen significant low cost airline entry to date – one of the few parts of the world to have missed the phenomenon. It is a major anomaly in this respect, because the geography, economy and demography of the three neighbouring countries of Japan, South Korea and China offer near-ideal conditions for LCC growth.

Domestic market share for Korea’s LCCs continues its dramatic rise

22-Oct-09 3:20 PM

Korea’s LCCs are fast expanding, with the nation's four major LCCs carrying 31.1% of the domestic air travel market in 3Q2009.

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