Eastar Jet (ESR; ) is a South Korean low-cost carrier with its headquarters in Gangseo-gu, Seoul.[1]
History
Eastar Jet was established on October 26, 2007, and its air operator's certificate was acquired 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 later, 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.[2]
On 2 March 2020, Jeju Air, one of the South Korean low-cost carriers, decided to take over the management rights of Eastar Jet and signed a stock trading contract. Jeju Air agreed to acquire a 51.17% stake in Eastar Jet cost of 54.5 billion won,[3]