Jeju Air Co., Ltd., established in 2005, is South Korea's first and largest low-cost airline as of 2011. Headquartered in Jeju City and based at Jeju International Airport, the airline is named after Jeju Island. A founding member of the Value Alliance, Jeju Air operates both domestic and international flights. Focusing on leisure destinations, the airline has contributed significantly to the growth of tourism in South Korea and the Asia-Pacific region. As of 2011, it continues to expand its route network and fleet size, further solidifying its position in the low-cost carrier market.
January 25, 2005: Jeju Air Established
Jeju Air was founded on January 25, 2005, as a joint venture between Aekyung Group and the government of Jeju Province.
August 25, 2005: Jeju Air Receives Business License
Jeju Air received its business license on August 25, 2005, becoming the third major airline in South Korea.
September 20, 2005: Jeju Air Adopts Current Korean Name
On September 20, 2005, the airline officially changed its Korean name to its current form.
May 2, 2006: Jeju Air Acquires First Aircraft
Jeju Air acquired its first aircraft on May 2, 2006.
June 5, 2006: Jeju Air's First Commercial Flight
Jeju Air commenced its first commercial flight on the Jeju-Gimpo route on June 5, 2006.
2011: Jeju Air Becomes Largest South Korean Low-Cost Airline
By 2011, Jeju Air had become the largest low-cost carrier (LCC) in South Korea.
2016: Jeju Air Co-founds Value Alliance
In 2016, Jeju Air played a key role in establishing the Value Alliance, the world's first pan-regional low-cost carrier alliance.
2017: Jeju Air Carries Over 60 Million Passengers
In 2017, Jeju Air achieved a significant milestone by carrying over 60 million passengers, generating substantial revenue and operating profits.
2018: Jeju Air Focuses on International Expansion
During 2018, Jeju Air transported a considerable number of passengers, with a focus on expanding its international operations.
November 2020: Jeju Air Employee Count
As of November 2020, Jeju Air had approximately 3,100 employees.
August 2021: Jeju Air Raises Capital Through Stock Sale
In August 2021, Jeju Air successfully raised $180 million through a stock sale to finance its operations.
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