AIP Capital (AIP) has closed an LP investment in a VIG Partners (VIG) fund, which holds a control investment in Korean low-cost carrier, EastarJet, and placement of five new Boeing 737 MAX 8 aircraft....
BOC Aviation Limited delivered a Boeing 737-8 aircraft on lease to Eastar Jet. The aircraft is powered by CFM LEAP-1B engines. “We are pleased to participate in Eastar’s growth story and to welcome it...
Founder of South Korea’s Eastar Jet, Lee Sang-jik is sentenced to six-year prison term by the Supreme Court of Korea for embezzlement of company funds and breach of trust and losses. He was arrested i...
South Korean Airlines are planning to expand flights to Chinese mainland this month onwards with the two countries agreeing to increase flights on their routes. Local airlines plan to initially increa...
Private equity firm VIG Partners has acquired a 100% stake in South Korea’s low-cost carrier Eastar Jet with plans to infuse about $90 million funds into the airline. Going ahead VIG Partners is also ...
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