With the review by foreign competition authorities for the launch of "Integrated Jin Air" concluded, procedures toward its launch in March next year are officially underway.
Jin Air announced on the 7th that it received final approval for the business combination from Vietnam's Competition Commission (VCC) on the 2nd.
This approval follows the submission of a business combination notification to Vietnamese competition authorities after the signing of a merger agreement among three low-cost carriers (LCCs) under the Hanjin Group on August 21. The review was conducted starting from the 10th of last month.
In accordance with the approval from Vietnam's competition authority, Jin Air is set to proceed with subsequent procedures domestically, including business combination approval from the Fair Trade Commission and merger authorization from the Ministry of Land, Infrastructure and Transport.
Jin Air is conducting integration preparations across all areas, including safety, operations, maintenance, service, and organizational culture, ahead of the launch of Integrated Jin Air together with Air Busan and Air Seoul.
In the area of safe flight operations, the company invested approximately 22 billion won to expand its own training infrastructure, such as full-flight simulators (FFS). It also introduced the A321ceo aircraft, its first Airbus model. Joint emergency evacuation drills among the three LCCs and inspections of the integrated operation system were also conducted. Standardization work on education systems and manuals for all departments is ongoing.
Cooperation has also been expanded in customer service and operational integration areas. Code sharing between Jin Air and Air Busan has been implemented, along with diversification of in-flight meal menus and extension of deadlines for purchasing and refunding ancillary services. Integrated office operations, joint training on handling passengers with reduced mobility, unification of cabin crew manuals, and cabin familiarization training are also being carried out.
A Jin Air official stated, "The review by foreign competition authorities has been completed, and practical preparations for the integration of the three companies are underway," adding, "As soon as the procedures by domestic relevant authorities are completed, we will carry out subsequent processes to prepare for the launch of Integrated Jin Air in March next year."
in INDUSTRY
