New South Korean budget carrier KAIR Airlines has placed an order for eight Airbus A320 worth around $792 million at list price.
The new budget airline will be based in Cheongju in central South Korea and will focus primarily on services to international destinations in North East Asia.
“We see enormous potential for the development of a low cost model linking central South Korea with destinations in China, Taiwan and Japan”, said Byung Ho Kang, KAIR Airlines Representative Director and Chairman.
“KAIR Airlines will focus on point-to-point services at low fares while offering passengers a modern and fun product offering. Brand new A320 aircraft will be perfect for our business model and customers, combining the lowest operating costs with the widest cabin in the single aisle segment.”
“We have been impressed by the business model developed by KAIR Airlines,” said John Leahy, Airbus Chief Operating Officer, Customers.
“We are confident that the efficiencies offered by the A320 will contribute to a successful launch by KAIR Airlines, bringing more choice for passengers flying in the North East Asian region.