Fly Gangwon is a low cost carrier based at Yangyang, Gangwong Province. The company was established in 2016 and applied for authorisation in Dec-2016. Fly Gangwon received its first aircraft, an 186 seat Boeing 737-800 in Sep-2019. The carrier received an AOC from MOLIT on 28-Oct-2019, allowing Fly Gangwon to launch commercial operations on 22-Nov-2019 with Yangyang-Jeju service.
Seoul Bankruptcy Court commenced debt-restructuring proceedings for Fly Gangwon in Jun-2023. This follows the carrier applying for court receivership on 23-May-2023 after suspending operations due to "financial difficulties".
South Korea MOLIT suspended Fly Gangwon's AOC on 19-Jul-2023, due to the LCC's suspension of operations for more than 60 days. No additional details have been provided, it is assumed the carrier has ceased operations.
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