'Jin Air license cancellation unlikely'
Jin Air CEO Choi Jung-ho, right, who was attending a transport ministry hearing at the Sejong Government Complex, Monday, refuses to answer questions from reporters. / YonhapBy Kang Seung-wooDespite a law violation and mounting public anger at the scandal-prone owner family, it would be a tall order for the transport authorities to cancel the business license of Jin Air due to potential massive fallout, market observers said, Tuesday. “I expect that rather than revoking the license, the (transport) ministry would rather issue Jin Air with a heavy fine or take other actions,” Ellis Taylor, Asia finance editor of aviation and aerospace industry website FlightGlobal, told The Korea Times. He added other actions include banning new route applications.“From their previous statements, and the protests of the employees, there seems to be a strong case that revoking the license would unfairly impact thousands of employees and have a greater impact on the Korean travel industry, when really only airline management need be punished.”The Ministry of Land, Infrastructure
Jul 31, 2018