Air Busan

AIR BUSAN
에어부산

IATA BX ICAO ABL Callsign AIR BUSAN
Founded	2007
Hubs	Gimhae International Airport
Fleet size	8
Destinations	10
Company slogan	Fly to Busan
Parent company	Asiana Airlines
Headquarters	Beomcheon-dong Busanjin-gu Busan, South Korea
Key people	KIM, Soo-Cheon
Website	http://www.airbusan.com

Air Busan(에어부산, IATA : BX, ICAO : ABL)is a regional airline based in Busan, Republic of Korea.

Outline

Air Busan Co., Ltd. (Hangul:에어부산, Revised Romanization: Eeo Busan) is a regional airline with its headquarters in Beomcheon-dong, Busanjin-gu, Busan, South Korea.^[1] It is a subsidiary of Asiana Airlines. The airline began its operation in 2007 as Busan International Airlines Company (부산국제항공,Busan Gukje Hanggong); it launched service on October 2008.^{[citation needed]}

Since the launch of its business, on the Seoul - Busan route, Air Busan filled 49.7 percent of its seats, while its competitor on the same route, Korean Air had 61.2 percent. About five months later in March 2009, however, Air Busan's boarding rate exceeded that of its competitor, 54.7 percent to 54.1 percent. For the Busan-Jeju route, Air Busan is also taking the lead, filling 77.7 percent of its seats. The airline has code-share operation with its parent company Asiana for the 4 routes.

History

2007

• July—Launched the committee to establish Busan International Airlines Co., Ltd.
• August—Established Busan International Airlines Co., Ltd.

2008

• February—Changed the corporate name to Air Busan Co., Ltd.
  • Signed the investment agreement with the city of Busan and Asiana Airlines
• April—Signed the agreement to purchase aircraft (5 B737s)
• May—The city of Busan decided to be the shareholder of Air Busan
  • The first recruitment of new and experienced staff
• June—Acquired a license for regular air transportation
• August—The second recruitment of new and experienced staff
• October—Opened the reservation center and the homepage
  • Established branches at Gimpo airport and Jeju international airport;
  • Took delivery of its 2nd B737-500 aircraft
  • Began flight between Busan and Gimpo
• November—Took delivery of its 3rd B737-500 aircraft
• December—Began flight between Busan and Jeju

2009

• February—The third recruitment of new and experienced staff
• March—Signed the business agreement with Busan Metropolitan City Office of Education
  • Took delivery of its 4th B737-400 aircraft
  • Expanded flights between Busan and Gimpo to 28 per day
• April—Signed the business agreement with Busan I’Park
  • Took delivery of its 5th B737-400 aircraft
  • Signed the business agreement with BEXCO
• June—Expanded flights between Busan-Jeju to 20 per day
  • (the number of flights between Busan-Gimpo increased from 28 to 30)
• August—Signed the business agreement with Jeju Chamber of Commerce and Industry
  • The number of flights reached 10,000 mark within 299 days of operation
• September—The number of passengers exceeded 1 million
• November—Received the Best Service Innovation Award, presented by the Korea Management Association (KMA)

2010

• February—Took delivery of its B737-400 aircraft
• March—Began flight between Busan and Fukuoka
• April—The number of passengers exceeded 2 million
  • Began flight between Busan and Osaka
• May—Won the 2010 Korea Prestige Brand Award
• July—Busan-Tokyo(Narita) charter flights began to operate
• September—The number of passengers exceeded 3 million
• December—Busan - Cebu Charter Flights Operation

2011

• January—Took delivery of its first Airbus aircraft, A321-200 (HL8213).^[2], began flights between Seoul and Jeju and Busan-Cebu, Hong Kong, Taipei, Tokyo
• February—Signed a business agreement with the Chinese Resident’s Association Busan, Korea
• March—Began flights between Gimpo-Jeju, Began flights between Busan-Cebu
• May—Began flights between Busan-Hong Kong
• June—Began flights between Busan-Tokyo(Narita)

2012

• March—Took delivery of its A321-200 aircraft
  • Began flights between Busan-Qingdao

Destinations

Air Busan's Boeing 737-500

Air Busan started operations on October 27, 2008, using Gimhae International Airport as a hub.^[3] Routes served are:

• China
  • Hong Kong International Airport
  • Qingdao - Qingdao Liuting International Airport
  • Macau - Macao International Airport (begins 2012 July 19) [1]
  • Xian - Xian Airport (Charter)
  • Huangshan - Huangshan Airport (Charter) [2]
• Japan
  • Fukuoka - Fukuoka Airport ^[4]
  • Osaka - Kansai International Airport
  • Tokyo - Narita International Airport
• South Korea
  • Busan - Gimhae International Airport
  • Jeju - Jeju International Airport
  • Seoul - Gimpo International Airport
• Philippines
  • Cebu - Mactan-Cebu International Airport
• Taiwan
  • Taipei - Taiwan Taoyuan International Airport
  • Kaohsiung - Kaohsiung International Airport (begins Nov. 2012)

Codeshare agreements

The airline has codeshare agreements with the following airline (at May 2010):

Fleet

The Air Busan Fleet consists of the following aircraft with an average age of 14.8 years (as of 20 March 2011 (2011 -03-20)^[update]):^[5]

Investors

• Asiana Airlines
• City of Busan government
• Nexen Tire
• Dongil Constructions
• Meritz Fire Marine Insurance
• Lotte Hotel Busan
• Pusan Bank
• Busan Ilbo
• Bisco
• Samhan Constructions
• Seowon Retail Company
• Seun Steel
• NK Corporation
• IS Dongseo
• Winsteel
• Taewoong

See also

	South Korea portal
	Companies portal
	Aviation portal

• Asiana Airlines - Parent company of AIR BUSAN
• Jin Air - low cost subsidiary of Korean Air
• Jeju Air
• Eastar Jet

References

External links

• Air Busan Official Homepage (Korean)
• City of Busan - Air Busan