Caution raised against revoking Jin Air's license
Concerns are growing over the possible revocation of Jin Air's business license ahead of the Ministry of Land, Infrastructure and Transport's closed-door hearing that starts Monday to review the laws related to the ministry's forthcoming decision on the future of the carrier. According to airline industry officials Sunday, revoking Jin Air's license will lead to potential lawsuits against the govt because the govt itself allowed the carrier to go into business and become public. Foreign investors holding an 11.7% share in Jin Air reportedly plans to bring the case to the International Centre for Settlement of Investment Disputes, if the transport ministry revokes the company's license. The govt has lost all the previous cases that were brought to the ICSID. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-07-30/unaligned/caution-raised-against-revoking-jin-airs-license
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Caution raised against revoking Jin Air's license
Concerns are growing over the possible revocation of Jin Air's business license ahead of the Ministry of Land, Infrastructure and Transport's closed-door hearing that starts Monday to review the laws related to the ministry's forthcoming decision on the future of the carrier. According to airline industry officials Sunday, revoking Jin Air's license will lead to potential lawsuits against the govt because the govt itself allowed the carrier to go into business and become public. Foreign investors holding an 11.7% share in Jin Air reportedly plans to bring the case to the International Centre for Settlement of Investment Disputes, if the transport ministry revokes the company's license. The govt has lost all the previous cases that were brought to the ICSID. <br/>
