Financially troubled budget carrier Eastar Jet has received letters of intent from some investors for its stake up for sale and will select a final bidder next month.
The National Assembly on Wednesday passed a motion to allow the arrest of a businessman-turned-lawmaker for a criminal investigation.
Eastar Jet's pilots union kicked off a hunger strike Wednesday to protest the budget airline’s laying off of more than 600 employees.
Debt-laden Eastar Jet is laying off more than 600 employees on Wednesday, half of the remaining 1,200 workers at the budget airline.
The aviation industry has been one of the hardest hit by Covid-19. With travel restrictions now in place around the world, airlines have been unable to operate overseas routes. No flights means no money and no work, so airline employees were put...
Throughout his 28-year career, Park Yi-sam enjoyed the perks of living as a pilot. He received a higher salary than his friends and often took his family on overseas trips, not to mention the respect people showed toward him and his family.
Eastar Jet CEO Choi Jong-gu on Thursday accused the company’s pilot union of making false accusations against management and said he will hold them criminally and civilly liable.
Eastar Jet’s pilot union on Tuesday requested the cash-strapped airline file for court receivership and withdraw its plan to lay off more than 600 employees.
Lee Su-ji resigned as director of Eastar Holdings, though she will remain CEO of the company.
Embattled Eastar Jet said Monday it will reduce its workforce by more than half as part of efforts to find a new investor after Jeju Air scrapped its plan to acquire the smaller budget carrier amid the coronavirus pandemic.