13-Jun-2018 4:07 PM

Eastar Jet CEO: New entrants would exacerbate slot scarcity and pilot shortages issues

Eastar Jet president and CEO Jong Gu Choi, speaking at the CAPA LCCs in North Asia Summit, stated (11-Jun-2018) South Korea's existing LCCs already face slot scarcity and pilot shortage issues and new entrants will exacerbate the problem, adding: "We already scout pilots from each other". Mr Choi noted Japan and the US both have a much lower rate of LCCs per capita than South Korea and said most existing LCCs only survived due to stable oil prices and exchange rates and a "massive inflow of passengers from China" during the first four to five years following their launch. He said even with those advantages Eastar Jet "sometimes couldn't pay our staff" during its initial years of operation.

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