'Jin Air license cancelation unlikely'

Despite a law violation and mounting public anger at the scandal-prone owner family, it would be a tall order for the transport authorities to cancel the business license of Jin Air due to potential massive fallout, market observers said, Tuesday. "I expect that rather than revoking the license, the (transport) ministry would rather issue Jin Air with a heavy fine or take other actions," Ellis Taylor, Asia finance editor of FlightGlobal, said. He added other actions include banning new route applications. "From their previous statements, and the protests of the employees, there seems to be a strong case that revoking the license would unfairly impact thousands of employees and have a greater impact on the Korean travel industry, when really only airline management need be punished." <br/>