Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) hYUNJIN KIM Journali = Korean hybrid airline Air Premia announced its first long-haul flight from Incheon to Los Angeles, US, and its direction on 15 September.

CEO Yoon said, “We will continue to expand our long-distance flights starting from LA routes on 29 October and become a company with revenue of 860 billion won within five years” on 15 at a press conference.

And added, “Also, our company plans to take an aggressive strategy to expand long-haul services by purchasing 10 Dreamliners by 2025

The newly established airliner describes itself as a Hybrid Service Carrier (HSC) specializing in mid to long-haul routes providing quality services of full-service carriers and reasonable prices of low-cost carriers.

CEO Yoon explained, “we have 166.7 billion won of capital when summing 47.3 billion won of initial investment, 67.2 billion won of JC consortium fund, 52.2 billion won of fund from right issues with additional investment to come depending on market condition” on their fundraise and investment status for stable business operation.

Air Premia will launch two routes to North America and two routes to Europe, building a long-haul flight network next year. In addition, it will buy 10 Dreamliners in 2025 to aggressively expand its routes to North America (LA, New York, San Francisco, and Honolulu) and Europe (Paris, Frankfurt, Rome, etc.).

NSP News Agency hYUNJIN KIM Journalist kimhj30310@nspna.com
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