Chairman Kim Jeong-gyu of Air Premia and Tire Bank noted on the 22nd that he intends to elevate Air Premia into a premium airline, thereby enhancing the nation's prestige.
On the 2nd, AP Holdings, a subsidiary of Tire Bank Group, secured over 70% of the equity in Air Premia, becoming the largest shareholder. This follows the decision by Daemyung Sonogroup, a hotel and resort corporation, to cease its attempts to gain management rights in Air Premia and sell its entire stake (22%) to Tire Bank.
Chairman Kim stated that this acquisition marks a substantial step toward responsible management, having made direct and indirect investments in Air Premia since its establishment in 2018. Kim said, "I view Air Premia not just as an airline, but as a strategic industry that can elevate the nation's prestige."
Chairman Kim indicated plans to enhance Air Premia's competitiveness through mergers and acquisitions (M&A). He stated, "The nature of the airline industry is to realize economies of scale, so I plan to grow it into a competitive company through securing additional aircraft and M&A."