Air Busan stated it plans to reach profitability in 2011, with the carrier expected revenues of KRW73 billion (USD62 million) in 2009 and a KRW5 billlion (USD4.2 million) loss in the 12 month period( hearldm, 21-Oct-2009).
Air Busan aiming to reach profitability in 2011
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Korean LCCs: fleet surpasses 100 aircraft but market faces growth constraints; China the latest
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And it is unclear how much further Korea's LCCs can grow in the short term. They have mostly flown domestically, and slots are now constrained. International opportunities are also challenging, and further complicated by the Jan-2017 decision of China to reject charter applications during the popular – and very profitable – Chinese New Year. Korea's LCCs needed liberalisation, not antagonism.
State of the Market; Global aircraft leasing continues its international shift from west to east
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