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Low-cost carriers making their way to Korea

22 November 2007

Tiger Airways joins Yeongnam Air in plans for challenging Asiana/KAL duopoly in 2008

South Korea’s air transport market looks set to undergo a radical shakeup with Singapore-based low-cost carrier Tiger Airways the latest to unveil plans for a new airline there.

Until now South Korea’s market has been dominated by Asiana Airlines and Korean Air, although two small turboprop operators have begun operating limited domestic services in recent years. Real competition should come to the market soon, with start-up Yeongnam Air hoping to begin operating in February. Its plans were unveiled earlier this year and it recently secured a business licence from the ­Transportation ministry.

source: flightglobal.com

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