Korean low-cost carrier (LCC) Jeju Air has ordered 40 Boeing 737 MAX 8 aircraft with options for 10 more to meet rising demand for air travel in South Korea.
The airline serves 60 domestic and international routes with approximately 200 daily flights and is a founding member of the Value Alliance, the first pan-regional low-cost carrier alliance formed with eight airlines based in Asia.
Jeju Air president and chief executive officer, Seok-Joo Lee said the 737 MAX will allow the airline to improve operations. “The 737 MAX 8 and its superior performance and economics make it an ideal airplane to implement our growth strategy as we look to expand beyond Asia in the coming years,” he added.
Jeju Air, based in South Korea’s Jeju Island, began operation in 2005 as the country’s first LCC. It flies a fleet of nearly 40 737-800s and has achieved 25 percent annual sales growth over the past five years and recorded 17 consecutive quarters of profitability.