Busan City negotiates with Korean Air Vice Chairman to attract integrated LCC headquarters

The city of Busan announced on the 4th that it is discussing hosting the headquarters of an integrated low-cost carrier (LCC) with the vice chairman of Korean Air.

Mayor Jeon Jae-soo said at the weekly policy meeting that day, "Currently, the integrated LCC headquarters is being discussed in a top-down manner (discussing the big plan first and then moving down to the details) with the Deputy Mayor for Economic Affairs and the Vice Chairman of Korean Air."

Mayor Jeon then added, “The city is continuing discussions with the managing director in charge of the integrated LCC, and discussions are scheduled for early next week,” adding, “I cannot disclose the entire progress.”

As Korean Air acquires Asiana Airlines, an integrated LCC in which low-cost carrier Jin Air merges Air Busan and Air Seoul will be launched in March next year.

Busan City, the local business community, and civic groups are demanding that an integrated LCC headquarters be built in Busan to replace the base airline Air Busan.