Jeju Air
Jeju Air is a topic that has been the subject of study, debate and reflection throughout history. Its importance and influence are reflected in different aspects of society, culture and human development. Since its origins, Jeju Air has aroused curiosity and has been the subject of research in various disciplines, which has allowed us to expand our understanding of it. In this article, we will explore the different aspects related to Jeju Air, from its impact on everyday life to its relevance in broader contexts. Through a detailed analysis, we will seek to unravel the mysteries and complexities surrounding Jeju Air, aiming to provide a comprehensive and enriching vision on this topic.
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| Founded | 25 January 2005 | ||||||
|---|---|---|---|---|---|---|---|
| Hubs | Jeju | ||||||
| Focus cities | |||||||
| Frequent-flyer program | Refresh Point | ||||||
| Alliance | Value Alliance | ||||||
| Fleet size | 40 | ||||||
| Destinations | 41 | ||||||
| Parent company | Aekyung Group | ||||||
| Headquarters | Jeju City, Jeju Province | ||||||
| Employees | 2,700 | ||||||
| Website | www | ||||||
| Korean name | |||||||
| Hangul | 제주항공 | ||||||
| Hanja | 濟州航空 | ||||||
| Revised Romanization | Jeju Hanggong | ||||||
| McCune–Reischauer | Cheju Hanggong | ||||||
Jeju Air Co., Ltd. (Korean: 제주항공; RR: Jejuhang-gong) is the first and the largest South Korean low-cost airline.[1][2] Named after Jeju Island,[3] the airline is headquartered in Jeju City with its largest base at Jeju International Airport. It is a founding member of the Value Alliance.
Aekyung Group is Jeju Air's largest shareholder, and Jeju Air is the largest shareholder in AK Holdings, the holding company of Aekyung Group.[4] In 2024, it was reported that AK Holdings has injected over 600 billion won to Jeju Air in the previous four years.[4] Jeju Air is the most profitable among AK Group's five subsidiaries.[5]
Jeju Air is the first Korean LCC to be publicly listed.[5]
History
The airline was established as a joint venture by Aekyung Group and the government of Jeju Province on 25 January 2005. It was established under a different Korean name (제주에어; a transliteration of "Jeju Air"). It received a business license on 25 August 2005, which made it the third major airline in the country after Korean Air and Asiana Airlines. On 20 September 2005, it changed its Korean name to its current form. It acquired its first aircraft on 2 May 2006, and had its first commercial flight, on the Jeju-Gimpo route, on 5 June 2006. By the end of 2006, it had five aircraft.[3] In addition to air service, the group is also the owner of a Holiday Inn Express in Seoul.[6]
In 2016, it helped found Value Alliance, the world's first pan-regional low-cost carrier (LCC) alliance, comprising eight Asia Pacific LCCs.[7] In 2017, Jeju Air carried over 6 million passengers, with revenue reported of $890mm US operating profits over $80mm US. In 2018, Jeju Air carried 7.3 million international passengers along with 4.7 million domestic passengers. Its domestic traffic has been relatively flat since 2016 as it has focused almost entirely on international expansion.[8]
After an initial public offering in 2015, Jeju Air finances were stable until the coronavirus outbreak in early 2020.[9] In November 2020, there were approximately 3,100 employees at the airline.[10] In August 2021, Jeju Air sold stock, raising $180 million for financing operations;[11] this was one of three occasions between 2020 and 2024 where it raised capital; the total was almost $500 million.[9]
In 2024, in the National Customer Satisfaction Index (NCSI) organized by the Korea Productivity Headquarters, Jeju Air was ranked No. 1 in the LCC category for the third consecutive year.[12]
Destinations
Jeju Air offers scheduled domestic services, as well as international destinations including China, Japan, Oceania, and Southeast Asia.[13]
Codeshare agreements
Jeju Air maintains codeshare agreements with the following airlines:
Fleet
Current fleet
As of December 2024, Jeju Air operates an all-Boeing 737 family fleet composed of the following aircraft:[16][17][better source needed]
| Aircraft | In fleet | Orders | Passengers | Notes | ||
|---|---|---|---|---|---|---|
| W | Y | Total | ||||
| Boeing 737-800 | 36 | — | 12 | 162 | 174 | To be replaced by Boeing 737 MAX 8. |
| — | 189 | 189 | ||||
| Boeing 737 MAX 8 | 2 | 38 | — | 189 | 189 | To replace Boeing 737-800.[18][19] |
| Jeju Air Cargo fleet | ||||||
| Boeing 737-800BCF | 2 | — | Cargo | [20][21] | ||
| Total | 40 | 38 | ||||
Historic fleet
Formerly, Jeju Air also operated the following aircraft types:[22][23]
| Aircraft | Total | Introduced | Retired | Notes/Refs |
|---|---|---|---|---|
| Boeing 737-800 | 16 | 2009 | 2024 | |
| 1 | 2024 | Crashed as Flight 2216 | ||
| De Havilland Canada Dash 8-400 | 5 | 2006 | 2010 | [citation needed] |
Accidents and incidents
- On 12 August 2007, Jeju Air Flight 502, a De Havilland Canada Dash 8-400 (registered HL5256) performed a runway overshoot at Gimhae International Airport. All 74 passengers and five crew members survived, but four passengers were injured. The aircraft was substantially damaged and written off.[24][25]
- In March 2022, the Ministry of Land, Infrastructure and Transport of Korea halted two flights of Jeju Air for 20 and 7 days respectively, because they failed to follow the safety protocol.[26][27][25]
- On 29 December 2024, Jeju Air Flight 2216, a Boeing 737-8AS (registered HL8088) returning from Suvarnabhumi Airport in Bangkok, Thailand, experienced a runway excursion at 9:07AM KST (UTC +9) and crashed into an airport perimeter fence at Muan International Airport in Muan County, South Korea.[28] The aircraft skidded down the runway on its belly before striking a reinforced concrete wall and exploding. 4 crew members and all 175 passengers were killed, while 2 crew members survived and were taken to the hospital in Seoul.[29] It has been assumed that the accident was due to a bird strike that caused a failure in the deployment of the landing gear, but the exact cause is still under investigation.[30] This is the deadliest accident on South Korean soil and the deadliest involving a Korean-registered aircraft since 1997. Jeju Air's CEO pledged to repair trust and strengthen safety measures in a press conference following the incident.[31]
References
- ^ "Contact Us." Jeju Air. Retrieved on March 5, 2010. "제주특별자치도 제주시 연동 301–7"
- ^ "Jeju Head Office Archived 2011-08-30 at the Wayback Machine." Jeju Air. Retrieved on December 27, 2011. "#301-7, Yeon-dong, Jeju City, Jeju Special Self-Governing Province"
- ^ a b 황, 경수. "제주항공 - 디지털제주문화대전". Encyclopedia of Korean Local Culture. Retrieved 19 July 2024.
- ^ a b "While Jeju Air's first casualty accident in 20 years has led to a major disaster, Aekyung Group, Jej.. - MK". 매일경제. 30 December 2024. Retrieved 6 January 2025.
- ^ a b Ko, Dong-hwan (31 December 2024). "Aekyung Group faces consumer boycott following Muan airport crash". The Korea Times. Retrieved 6 January 2025.
- ^ "Jeju Air to open Holiday Inn Express Hongdae next month". The Korea Herald. 1 August 2018.
- ^ Middleton, Rachel (17 May 2016). "World's biggest budget airline alliance takes off in Asia Pacific region". International Business Times UK. Retrieved 29 March 2024.
- ^ "South Korea aviation market: a decade of rapid growth driven by LCCs". CAPA. 2 June 2019.
- ^ a b Wakabayashi, Daisuke (5 January 2025). "Jeju Air's Problems Mount After Crash of Flight 7C2216". The New York Times. ISSN 0362-4331. Retrieved 5 January 2025.
- ^ "Company Story".
- ^ "Korea's AK Holdings to invest $77mn in Jeju Air share issue". ch-aviation. Retrieved 15 September 2021.
- ^ 기자, 서영일. "제주항공, 3년 연속 국가고객만족도 조사 1위". n.news.naver.com (in Korean). Retrieved 13 November 2024.
- ^ 차, 은지 (5 June 2024). "취항 18주년 제주항공…국내 첫 LCC로 항공여행 대중화 '견인'". The Korea Economic Daily (in Korean). Retrieved 19 July 2024.
- ^ 제주항공-濠 제트스타, 인천~골드코스트 공동운항 (in Korean). The Financial News (Financial News). 3 May 2019.
- ^ "Lion Air | Jeju Air Begins Codeshare Service From Dec 2024".
- ^ "Global Airline Guide 2019 (Part One)". Airliner World. October 2019: 19.
- ^ "항공기 등록현황" [Aircraft registration status]. atis.koca.go.kr (in Korean). Ministry of Land, Infrastructure and Transport.
- ^ "South Korea's Jeju Air orders 40 Boeing planes worth $4.4 billion". Reuters. 20 November 2018.
- ^ "제주항공, 차세대 기종 B737-8 첫 도입…40번째 항공기" [Jeju Air, adds first next generation aircraft 737-8…40th aircraft] (in Korean). Yonhap News Agency. 7 November 2023.
- ^ "Jeju Air to introduce cargo plane in first half amid prolonged pandemic". Yonhap News Agency. 13 February 2022.
- ^ "[단독]제주항공, 화물 전용기 2호기 도입… 물류 사업 힘준다" [ Jeju Air Introduces Cargo Unit 2... I'm giving you strength in the logistics business] (in Korean). Donga News. 11 May 2023.
- ^ "연도별 도입 현황" [Introduction status by year]. atis.koca.go.kr (in Korean). Ministry of Land, Infrastructure and Transport.
- ^ "연도별 말소 현황" [Status of cancellation by year]. atis.koca.go.kr (in Korean). Ministry of Land, Infrastructure and Transport.
- ^ Ranter, Harro. "ASN Aircraft accident de Havilland Canada DHC-8-402 Q400 HL5256 Busan-Gimhae (Pusan) International Airport (PUS)". aviation-safety.net. Retrieved 16 March 2020.
- ^ a b "Air safety incidents for Jeju Air". aeroinside.com. Retrieved 29 December 2024.
- ^ "Gov't suspends flights for failed safety procedures," Korea JoonAng Daily.
- ^ "국토교통부, 안전규정 위반 '제주항공' 27일·'에어로케이' 6일 운항정지 처분" Korea Law News.
- ^ "Live Flight Tracker - Real-Time Flight Tracker Map". Flightradar24. Retrieved 29 December 2024.
- ^ "South Korea plane crash latest: Jeju Air crash kills 179, with two crew rescued". BBC News. Retrieved 29 December 2024.
- ^ "South Korea plane crash latest: 'Growing frustration' among victims' families; huge emergency inspection ordered". Sky News. 29 December 2024. Retrieved 29 December 2024.
- ^ "No safety issues flagged in pre-flight checks, airline boss says after South Korea crash". BBC News. 31 December 2024. Retrieved 31 December 2024.
External links
