Low-cost carrier Jeju Air plans $31.4 million hangarJeju Air, nation’s largest low-cost carrier, said yesterday it will spend 35 billion won to build a hangar at Incheon International Airport. It would be the first time a low-cost carrier has built its own hangar.
Jeju Air, an affiliate of Aekyung Group, said construction of a new hangar will begin in January and is expected to be completed by the end of 2015.
It will be built on 28,200-square-meter (303,542-square-foot) site and be able to repair two B737-800 aircraft at same time.
The company said the hangar will will save maintenance costs and generate revenue by offering maintenance services to other airlines.
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