Eastar Jet Foresees Flight Resumptions In Feburary

The Seoul Bankruptcy Court has given a green light to Sung Jung, a South Korean property developer,  to acquire Eastar Jet — a struggling low-cost airline. The developer is trying to acquire an 80% stake in Eastar Jet for 108.7 billion South Korean wons ($97 million). Eastar Jet is expected to receive an air operator certificate (AOC) from the transport ministry by January.  The original AOC has been ineffective since May 2020. Earlier, an airline’s spokesman said, “It will focus…