Eastar Jet (ESR) (Korean: 이스타 항공; RR: Iseuta Hanggong) is a South Korean low-cost airline with its headquarters in Banghwa-dong, Gangseo-gu, Seoul.[1] On January 7, 2009, Eastar Jet made its maiden flight from Gimpo International Airport to Jeju International Airport. Now, the airline operates a scheduled passenger network to 14 destinations in eight countries. Its main base is Gimpo International Airport, with a hub at Jeju International Airport.[2]
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Founded | 26 October 2007; 15 years ago (2007-10-26) | ||||||
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Commenced operations | 7 January 2009; 13 years ago (2009-01-07) | ||||||
Operating bases | |||||||
Alliance | U-FLY Alliance | ||||||
Fleet size | 3 | ||||||
Destinations | 21 | ||||||
Parent company | Eastar Jet Group | ||||||
Headquarters | Gangseo-gu, Seoul | ||||||
Key people | Jong-koo Choi (President) | ||||||
Website | www |
Eastar Jet | |
Hangul | |
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Hanja | 이스타航空 |
Revised Romanization | Iseuta Hanggong |
McCune–Reischauer | Isŭt'a Hanggong |
Eastar Jet carried 3 million domestic passengers and 2.9 million international passengers in 2018. Its international traffic has doubled over the past three years and its domestic traffic has grown by nearly 50%, indicating a stronger focus on domestic growth while the other Korean low-cost carriers are focusing on the international market.[3]
Eastar Jet was established on October 26, 2007, and acquired its air operator's certificate the following year on August 6. On January 7, 2009, Eastar Jet launched its first commercial flight from Seoul to Jeju with a Boeing 737. It commenced operations on its second route - Cheongju-Jeju - on June 12, 2009. Six months after, on December 24, 2009, Eastar Jet launched its first international flight from Incheon to Kuching, Malaysia. Within two years of commencing operations, the airline reached the 1 million mark in passengers carried on January 6, 2010.
The airline joined the U-FLY Alliance on July 27, 2016; it is the fifth member of the alliance.[4]
On 2 March 2020, Jeju Air, one of the Korean Low Cost Carrier has decided to take over management rights of Eastar Jet and signed a stock trading contract and Jeju Air acquires 51.17% stake of Eastar Jet cost of 54.5 billion won.[5] and Jeju Air's M&A plan got approval from Fair Trade Commission of the Republic of Korea.[6] However, on 23 July 2020, Jeju Air announced that it was to give up the acquisition of Eastar Jet due to economic uncertainty caused by the COVID-19 pandemic.[7][8]
In August 2020, Eastar Jet push forward to re-mergers and acquisitions and selected three companies.[9] Eastar Jet also began restructuring, the plan includes reduction of its fleet of 16 aircraft to 4 and reduce the labor force from 1,200 to 400, however, Jeju Air will rehire all of its dismissed staff.[10]
On June 17, 2021, it was announced that Eastar Jet is set to be acquired for more than US$97 million by property developer and preferred bidder Sung Jung, following an auction for the airline.[11]
As of April 2022[update], Eastar Jet operates flights to the following destinations:[12]
The airline has a codeshare agreement with following airlines:
As of April 2022[update], Eastar Jet operates an all-Boeing 737 fleet composed of the following aircraft:[32][33][34][35]
Aircraft | In Service | Orders | Passengers | Notes |
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Boeing 737-800 | 3 | — | 189 | |
Total | 3 | 0 |
Eastar Jet has previously operated the following aircraft types:[36]
Aircraft | Total | Introduced | Retired | Notes |
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Boeing 737-600 | 1 | 2008 | 2013 | |
Boeing 737-700 | 6 | 2009 | 2018 | |
Boeing 737-800 | 10 | 2012 | 2020 | |
Boeing 737-900ER | 2 | 2017 | 2020 | |
Boeing 737 MAX 8 | 2 | 2018 | 2021 | |
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Defunct airlines | |