Eastar Jet

Low Cost Carrier
Alliance: U-FLY Alliance (joined 2016)


Established in 2007, Eastar Jet is a low cost airline based in Seoul, South Korea. The carrier operates to destinations within South Korea as well as international destinations in Asia from Eastar hubs, Seoul and Cheongju. Gimpo International Airport is the carrier's main base. In Mar-2020, JEJU air signed an agreement with Eastar Holdings to acquire a 51.17% stake in Eastar Jet for KRW54.5 billion (USD46 million). On 23-Jul-2020, JEJU air suspended plans to acquire a 51.17% stake in Eastar Jet.

On 20-Mar-2020, Eastar Jet announced plans to temporarily suspend all domestic services from 24-Mar-2020, after suspending all international services in early Mar-2020 due to the coronavirus pandemic, becoming the first Korean airline to suspend all operations.

South Korea's Ministry of Land, Infrastructure and Transport suspended Eastar Jet's air operator's certificate on 23-May-2020, due to the LCC's suspension of operations for more than 60 days.

On 04-Feb-2021, Seoul Bankruptcy Court commenced corporate rehabilitation proceedings for Eastar Jet. Seoul Bankruptcy Court approved the corporate rehabilitation plan submitted by Eastar Jet on 17-Sep-2021. Eastar Jet applied to South Korea MOLIT to secure the reinstatement of its AOC in Dec-2021, with the aim of resuming domestic services in early 2022.

Eastar Jet applied to Seoul Bankruptcy Court for approval to terminate corporate rehabilitation procedures in Mar-2022. Seoul Bankruptcy Court  approved an application by Eastar Jet to terminate its corporate rehabilitation procedures on 22-Mar-2022.

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