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Ishrion
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Re: Korean start up Air Premia selects 787-9

Sun Sep 20, 2020 4:53 pm

 
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c933103
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Re: Korean start up Air Premia selects 787-9

Fri Nov 13, 2020 4:05 pm

https://www.thescoop.co.kr/news/article ... dxno=41270
On the news it is noted that Koream government still haven't issued AOC to Air Premia (together with Aero K), exceeding the usual processing time.
The article noted that the ongoing pandemic have caused an oversupply situation among airlines in Korea and the government might be intentionally delaying the AOC issuance to not flood the market, but such delay is costing the two carriers billions of Won damage each month, and that the Korean rule also require new carrier to start service within two years after the initial acquisition of operation permit which will be by 2021 March for the two airlines, if they still have no AOC and thus cannot launch flight by then their permit would be cancelled.
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Antarius
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Re: Korean start up Air Premia selects 787-9

Fri Nov 13, 2020 4:15 pm

Ishrion wrote:


Looks like a crappy version of Brussels Airlines

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Antaras
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Re: Korean start up Air Premia selects 787-9

Fri Nov 13, 2020 5:33 pm

Air Premia is a good example to remind us that we should search for Google before creating a "fine" livery for your airline.
If you disagree with my statement, assume that it was just a joke :duck:
 
Capricorn
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Re: Korean start up Air Premia selects 787-9

Fri Nov 13, 2020 6:04 pm

While delaying an AOC simply out of fear of creating oversupply is definitely not acceptable, I still think the government has point in this case. Korea got to be one of the most oversupplied marked out there, especially domestically. And neither does it help that the carriers of its next door neighbour China oversupply the marked with cheep overcapacity. But I guess some investors out there seem to see some potential in that market.
 
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c933103
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Re: Korean start up Air Premia selects 787-9

Mon Nov 16, 2020 7:32 am

Capricorn wrote:
While delaying an AOC simply out of fear of creating oversupply is definitely not acceptable, I still think the government has point in this case. Korea got to be one of the most oversupplied marked out there, especially domestically. And neither does it help that the carriers of its next door neighbour China oversupply the marked with cheep overcapacity. But I guess some investors out there seem to see some potential in that market.

When the article mebtioned 90%+ load factor before this year, and while dropped but still maintaining at 70%+ now, I don't think it's really that oversupplied.
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ITSTours
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Re: Korean start up Air Premia selects 787-9

Mon Nov 16, 2020 8:19 am

Capricorn wrote:
While delaying an AOC simply out of fear of creating oversupply is definitely not acceptable, I still think the government has point in this case. Korea got to be one of the most oversupplied marked out there, especially domestically. And neither does it help that the carriers of its next door neighbour China oversupply the marked with cheep overcapacity. But I guess some investors out there seem to see some potential in that market.


ICN-LAX passenger load factor can be easily over 90% during the peak season, and this is with 4x daily A380.

Oversupplied probably between Korea and Japan (before the trade war), but Air Premia's main target isn't Japan.
 
Sokes
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Re: Korean start up Air Premia selects 787-9

Mon Nov 16, 2020 9:09 am

c933103 wrote:
https://www.thescoop.co.kr/news/articleView.html?idxno=41270
On the news it is noted that Koream government still haven't issued AOC to Air Premia (together with Aero K), exceeding the usual processing time.
The article noted that the ongoing pandemic have caused an oversupply situation among airlines in Korea and the government might be intentionally delaying the AOC issuance to not flood the market, but such delay is costing the two carriers billions of Won damage each month, and that the Korean rule also require new carrier to start service within two years after the initial acquisition of operation permit which will be by 2021 March for the two airlines, if they still have no AOC and thus cannot launch flight by then their permit would be cancelled.

Where is Korea on the "ease of doing business" Index?
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Capricorn
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Re: Korean start up Air Premia selects 787-9

Mon Nov 16, 2020 3:54 pm

c933103 wrote:
Capricorn wrote:
While delaying an AOC simply out of fear of creating oversupply is definitely not acceptable, I still think the government has point in this case. Korea got to be one of the most oversupplied marked out there, especially domestically. And neither does it help that the carriers of its next door neighbour China oversupply the marked with cheep overcapacity. But I guess some investors out there seem to see some potential in that market.

When the article mebtioned 90%+ load factor before this year, and while dropped but still maintaining at 70%+ now, I don't think it's really that oversupplied.


Oversupply cannot only be measured by looking at LFs, but the corresponding yields need to be looked at as well. And yields prior to C19 seem to have been pretty bad from what I have read, but since I did not follow the Korean market closely I might easily be mistaken and therefore refrain from making an absolute claim regrading oversupply. But given that both KE and OZ were not very profitable prior to C19, while the short haul focused Jeju was more profitable according to my quick google search, I would assume that the oversupply argument has some legs to stand on.
 
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LAXintl
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Re: Korean start up Air Premia selects 787-9

Wed Dec 09, 2020 4:03 pm

Premia selects Air France KLM to provide maintenance support for 787 fleet

https://newsroom.aviator.aero/afi-klm-e ... -customer/
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LAXintl
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Re: Korean start up Air Premia selects 787-9

Thu Jan 21, 2021 5:40 pm

Air Premia expects to receive its AOC and receive its first B787-9 in February.

https://centreforaviation.com/news/air- ... 21-1048345
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btfarrwm
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Re: Korean start up Air Premia selects 787-9

Thu Jan 21, 2021 6:22 pm

They should try and pick up some of the castoffs from the Norwegian 787-9 fleet.
 
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mercure1
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Re: Korean start up Air Premia selects 787-9

Fri Feb 12, 2021 4:57 pm

mercure f-wtcc
 
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c933103
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Re: Korean start up Air Premia selects 787-9

Tue Feb 23, 2021 9:08 am

https://www.thescoop.co.kr/news/article ... dxno=42625
https://mobile.newsis.com/view.html?ar_ ... 4#_enliple
Korean government extend the time limit for new LCCs including Air Premia getting AOC to end of the year, from the original deadline of March
The current Korean law require airlines to get AOC within two years of getting their business license else the business license would be revoked and the original set deadline for Air Premia was March this year.
But it doesn't change their financial troubles
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LAXintl
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Re: Korean start up Air Premia selects 787-9

Tue Mar 02, 2021 5:12 pm

A Korean private equity firm JC Partners and Hong Kong-based Cochina Consortium acquiring stake in the airline for 50-65 billion won (US$44-58mil)

https://news.mt.co.kr/mtview.php?no=2021030210502504508
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LAXintl
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Re: Korean start up Air Premia selects 787-9

Thu Apr 01, 2021 4:41 pm

Took delivery of its first plane HL8387.

Air Lease Corporation Announces Delivery of New Boeing 787-9 Aircraft to Air Premia
https://airleasecorp.com/press/air-leas ... air-premia

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https://pbs.twimg.com/media/ExWcTXYVcAQ ... name=large
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UPlog
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Re: Korean start up Air Premia selects 787-9

Thu Apr 01, 2021 7:59 pm

She is on her way to Incheon.

https://flightaware.com/live/flight/APZ102D
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aviationjunky
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Re: Korean start up Air Premia selects 787-9

Thu Apr 01, 2021 8:27 pm

Correct me if I'm wrong, but they still haven't announced official routes or official service dates, correct? I went to their website and couldn't find anything.
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c933103
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Re: Korean start up Air Premia selects 787-9

Thu Apr 01, 2021 10:52 pm

aviationjunky wrote:
Correct me if I'm wrong, but they still haven't announced official routes or official service dates, correct? I went to their website and couldn't find anything.

My understanding is they have been waiting for the Korean government to issue the operation certificate, and plan to start operation immediately after they receive the aoc
It's pointless to attempt winning internet debate. 求同存異. よく見て・よく聞いて・よく考える
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