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Air Korea arrives, Asian low-cost carrier

Seoul , South Korea - Korean Air's response to competitors

Korean Air, South Korea's former flag carrier and major airline, has chosen to contrast the advance of the low-fares competitors in the Eastern Asian area, founding its own low-fares subsidiary. The new carrier's name is Air Korea, and it is expected to enter activity in May 2008. Korean Air invested 20 billion Won (USD 21,5 million) in the initiative. Air Korea will start its activity with 5 airplanes,...

AVIONEWS - World Aeronautical Press Agency - 1082621

AVIONEWS - World Aeronautical Press Agency
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