South Korean Govt set to approve new start up carrier AOCs in early 2019

    South Korea‘s Ministry of Land, Infrastructure and Transport plans to approve new air operating certificates (AOC) in early 2019, responding to consumer demand for increased domestic connectivity (Yonhap, 08-Oct-2018). The Ministry requires prospective carrier’s to have at least KRW15 billion (USD13 million) in capital and five aircraft for AOCs to be secured. As previously reported by CAPA, start up carriers Fly Gangwon and Aero K are both seeking operating licences. Both start ups are based at regional airports; Cheongju Airport and Yangyang International Airport.