NH Investment & Securities noted on the 27th that Jeju Air's supply is shrinking following the aircraft accident and that the boarding rate fell last month, making this year’s poor performance inevitable.
The chief of Jeju Air has undergone police questioning over the deadly December crash of the company's passenger jet that claimed 179 lives, officials said Monday.
As this publication reported shortly after the plane crashed on 29 December, the hull of the aircraft is insured for $41.5mn, which includes $5mn total loss only coverage. Insurance Insider revealed that Axa XL leads the cover with a 15% line on the Gallagher-placed all-risk reinsurance programme.
Bereaved family members of victims of the Jeju Air plane crash attend their memorial service at an airport in South Korea's southwestern city of Muan, where the accident happened about two months ago,
A Jin Air Boeing 737-800 has finally departed Muan Airport in South Korea after being trapped for 50 days following the Jeju Air accident.
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The chief executive officer of Jeju Air Co., Kim E-bae, has undergone police questioning regarding the deadly December crash of the company's passenger jet, which claimed 179 lives, officials said on Monday.