Jeju Air

Jeju Air Co., Ltd. (Korean: 제주항공) is the first and the largest South Korean low-cost airline. Named after Jeju Island, the airline is headquartered in Jeju City with its largest base at Jeju International Airport. It was a founding member of the Value Alliance.

Aekyung Group is Jeju Air's largest shareholder, and Jeju Air is the largest shareholder in AK Holdings, the holding company of Aekyung Group. In 2024, it was reported that AK Holdings has injected over 600 billion won to Jeju Air in the previous four years. Jeju Air is the most profitable among AK Group's five subsidiaries.

Jeju Air is the first Korean LCC to be publicly listed on the Korea Exchange.

History

The airline was established as a joint venture by Aekyung Group and the government of Jeju Province on 25 January 2005. It was established under a different Korean name (제주에어; a transliteration of "Jeju Air"). It received a business license on 25 August 2005, which made it the third major airline in the country after Korean Air and Asiana Airlines. On 20 September 2005, it changed its Korean name to its current form. It acquired its first aircraft on 2 May 2006, and had its first commercial flight on the Jeju-Gimpo route, on 5 June 2006. By the end of 2006, it had five aircraft. In addition to air service, the group is also the owner of a Holiday Inn Express in Seoul.