South Korea-based Asiana Airlines will launch a second low-cost carrier (LCC), Seoul Air, later this year. The LCC will concentrate on Japanese and other regional international destinations. It will compete indirectly with Asiana’s existing LCC venture, Air Busan, which it part-owns (with a 46% stake) with Busan City Corp. However, by operating out of Incheon International Airport, it is unlikely to clash with Air Busan, which operates out of Gimhae International, newly appointed ...

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