Jeju Air said on Oct. 20 that it is continuing efforts to improve its fundamentals through fleet modernization and strengthen operational safety by introducing its seventh purchased B737-8.
Starting with the purchase and introduction of two next-generation B737-8 aircraft in 2023, Jeju Air introduced four more of the same type through July this year, and completed the introduction of its seventh purchased B737-8 on the afternoon of Oct. 17.
With this purchased aircraft, Jeju Air now has a total of 43 passenger planes. Next-generation aircraft account for 16% of the fleet. The share of owned aircraft has also increased, with 12 owned planes (28%) out of 43 passenger jets, including five B737-800NG and seven next-generation B737-8 aircraft.
The average age of the passenger fleet is 13.1 years, lower than the 14-year average at the end of last year.
Jeju Air plans to purchase and introduce one more aircraft of the same type by the end of the year and return older aircraft, aiming to reduce the average fleet age to five years or less by 2030 through its fleet modernization project.
A Jeju Air official said, "We are building a foundation for sustainable growth by securing cost competitiveness and strengthening operational safety through improving our fundamentals via fleet modernization," and added, "We will continue to establish a safety operation system that customers can trust."