South Korean provider Aero Okay has commenced scheduled home flights, turning into the nation’s eighth low-cost provider.
The official launch of operations on 15 April comes greater than three months for the reason that provider acquired its air operator’s certificates for worldwide and home air transport operations.
The provider started operations with a sole Airbus A320ceo, a 14-year-old instance registered HL8384. Its first flight was between Cheongju, a metropolis south of Seoul which the provider relies at, and the favored South Korean island of Jeju.
Aero Okay intends to function as much as three A320s initially of operations, with plane leased from Carlyle Aviation Companions.
The beginning-up airline advised Yonhap Information Company that it’s “contemplating receiving” the remaining two jets in July, “relying on market circumstances”.
The Yonhap report additionally states the airline’s plans to develop into worldwide operations, flying to factors in China, Taiwan and Vietnam.
Aero Okay joins an already crowded low-cost airline market in South Korea — different carriers embody Jeju Air, T’approach Air, in addition to Jin Air, Air Busan and Air Seoul, that are affiliated to full-service carriers Korean Air and Asiana Airways.
The provider clinched its AOC in late December final 12 months, after a earlier failed try in 2017. Regulatory filings revealed that Aero Okay held W48 billion ($43 million) capital as of March 2019, when it utilized for a enterprise licence, which together with plans for a capital growth have been deemed enough for its operations.