S Korea's budget carrier Jeju Air to acquire stake in rival Eastar Jet for $45m

S Korea's budget carrier Jeju Air to acquire stake in rival Eastar Jet for $45m

A Jeju Air flight about to take off. Photo: Jeju Air

South Korean budget carrier Jeju Air Co Ltd said on Monday it would acquire a majority stake in competitor Eastar Jet for 54.5 billion won ($45.49 million).

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