Tire Bank has acquired a controlling stake in Air Premia — a long-haul “hybrid airline” based in South Korea.
On April 30, 2025, Tire Bank Group signed a definitive agreement to acquire an additional 22% equity stake in Air Premia from JC SPC and Sono International. This acquisition raises the Group's total ownership to over 70%, solidifying its position as the airline's majority shareholder.
Air Premia launched in 2018, offering low-cost with higher levels of service — hence the hybrid airline concept — and was supported by Tire Bank Group since. The group had steadily increased its ownership to 48%.
“We are committed to building Air Premia into a premium hybrid airline that proudly represents Korea and elevates its presence in the global aviation market,” said Tire Bank Group chairman Kim Jeong-Kyu.
The airline is actively expanding its fleet and route network and currently operates seven 787-9 aircraft, with two additional aircraft set to be received later this year.