Manufacturing Industry
South Korean island may launch discount airline
Airline Industry Information, Sept 18, 2002
AIRLINE INDUSTRY INFORMATION-(C)1997-2002 M2 COMMUNICATIONS LTD
The South Korean resort island of Cheju is reportedly planning to launch a discount airline as early as next year.
The new airline - designed to counter frequent hikes in ticket prices by Korean Air Lines and Asiana Airlines - requires approval from the country's transportation ministry.
If approved, the airline is expected to launch operations between Cheju and Seoul in 2003, using 40-seat turbo-prop aircraft, reported Reuters.
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COPYRIGHT 2002 M2 Communications Ltd.
COPYRIGHT 2002 Gale Group
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