Jin Air

#7441

Rank

$315.93M

Marketcap

South Korea

Country

Leadership team

Mr. Won Ma (Chief Exec. Officer)

Products/ Services

Aerospace, Air Transportation, Freight Service

Headquarters

Seoul, Seoul-t'ukpyolsi, South Korea

Established

2008

Revenue

100M - 500M

Traded as

272450.KS

Social Media

URL

https://www.jinair.com

Overview

Location

Recognition and Award

References

Summary

Jin Air Co., Ltd. operates domestic and international flight routes. It offers air transportation services through a fleet of aircraft; and airport, in-flight, and cargo services. The company was founded in 2008 and is headquartered in Seoul, South Korea. Jin Air Co., Ltd. operates as a subsidiary of Hanjin Kal.

History

Jin Air is headquartered in Deungchon-dong, Gangseo-gu, Seoul. The name "Jin Air" was officially announced on June 15, 2008, at an opening ceremony in Seoul.Jin Air began operations in July 2008 with routes to regional destinations in South Korea. The inaugural flight was between Seoul's Gimpo International Airport and Jeju International Airport on July 17, 2008, using a Boeing 737-800. In December 2009, Jin Air began its first scheduled international flights to Bangkok.

2017 initial public offering

Jin Air was the third and last company to join the Korea Exchange by way of an initial public offering in 2017, alongside Studio Dragon and TissueGene.On October 30, the KRX announced that Jin Air passed the IPO preliminary approval.Jin Air had its IPO on December 8, 2017.

Boeing 777 groundings

On 20 February 2021, United Airlines Flight 328, operated by a Boeing 777 powered by PW4077-112 engines performing suffered a fan blade failure shortly after takeoff. This was the third such incident with the Boeing 777 in three years and the fifth PW4000 series engine turbine blade failure in service. CAA, FAA, and JCAB grounded all Boeing 777 aircraft following advice from Boeing.

All carriers had complied with the mandatory groundings or done so voluntarily with the exception of Jin Air's four 777-200ER aircraft until the FAA issued a further airworthiness directive 4 days later.On 12 June 2022, Jin Air returned its first 777 to scheduled service.

Mission

Jin Air’s mission is to provide quality customer service, comfortable flights, and competitive prices. We strive to make the travel experience as smooth and easy as possible, while providing a safe, pleasant flight experience.

Vision

Jin Air’s vision is to become a global leader in the low-cost airline industry by providing affordable, safe, and enjoyable flights to our passengers around the world.

Key Team

Mr. Won Ma (Chief Exec. Officer)

Recognition and Awards

In 2017, Jin Air was awarded the “Five-Star Low-Cost Carrier” by Skytrax in recognition of the airline’s commitment to providing superior customer service and safety. Additionally, in 2019, it was awarded the “Airline of the Year” and the “Best In-Flight Connectivity Award” by the International Air Transport Association.