Upbeat outlook: A Jeju Air plane on the tarmac of the Gimpo International Airport in Seoul. The increased investment shows positive market prospects for the aviation industry. — AP
SEOUL: Jeju Air, South Korea’s leading budget carrier has raised a combined 320 billion won (US$232mil or RM1bil) as part of a new fleet modernisation plan.
The airliner said it secured the funds by selling 273 million new common shares starting Aug 26. This paid-in capital increase will be used to boost the company’s facility budget, it added.
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