INTERVIEW 'Korea does not have a true LCC'
An image of Air Asia's A320 flight. Courtesy of Air AsiaBy Kim Hyun-bin Korea does not truly have a low-cost carrier (LCC), only airlines disguised as such, said Tony Fernandes, CEO and founder of Air Asia Group. “Korea needs one really true low-cost airline. Korean Air and Asiana (operating their own LCCs) just block other airlines from entering the market. They are full-service airlines,” Fernandes said in an interview with The Korea Times during his visit to Seoul last week.Fernandes came to Korea for the Korean-version publication of his autobiography “Flying High.”In Korea, two full-service carriers (FSC) are operating, Korean Air and Asiana Airlines, as well as six budget carriers, Jeju Air, Jin Air, T'way Air, Eastar Jet, Air Busan and Air Seoul.However, half of the LCCs are operated by the two FSCs ― Jin Air is affiliated with Korean Air, while Air Busan and Air Seoul are with Asiana Airlines.Fernandes believes the most important factor of a budget carrier is low prices, which he claims the local LCCs do not provide. Tony Fernandes, CEO of Air Asia Gro
Dec 19, 2018By Kim Hyun-bin