Gov't approves Air Premia's revised business plan
The Korean govt conditionally approved Air Premia's revised business plan Monday, a move that will keep the airline on track to begin operations by Sept 2020. In March, the LCC was granted a license after the Ministry of Land, Infrastructure and Transport approved its business plan, which differentiated itself from other LCCs by promising to provide "premium economy services" and operating only mid- to long-haul flights to destinations including the US, Canada and Vietnam. However, just a month after the approval, Air Premia was on the verge of losing the license as a conflict arose between management and shareholders over purchasing new aircraft. The shareholders wanted to replace then-CE Kim Jong-chul with Kim Se-young and Sim Joo-yeop who would jointly head the firm. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-17/unaligned/govt-approves-air-premias-revised-business-plan
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Gov't approves Air Premia's revised business plan
The Korean govt conditionally approved Air Premia's revised business plan Monday, a move that will keep the airline on track to begin operations by Sept 2020. In March, the LCC was granted a license after the Ministry of Land, Infrastructure and Transport approved its business plan, which differentiated itself from other LCCs by promising to provide "premium economy services" and operating only mid- to long-haul flights to destinations including the US, Canada and Vietnam. However, just a month after the approval, Air Premia was on the verge of losing the license as a conflict arose between management and shareholders over purchasing new aircraft. The shareholders wanted to replace then-CE Kim Jong-chul with Kim Se-young and Sim Joo-yeop who would jointly head the firm. <br/>
