South Korea's Jeju Air scraps deal to acquire budget carrier Eastar Jet

South Korea's Jeju Air scraps deal to acquire budget carrier Eastar Jet

A Jeju Air flight about to take off. Photo: Jeju Air

South Korea’s top budget carrier Jeju Air Co Ltd said on Thursday it decided to scrap a deal agreed in principle to take over smaller Korean peer Eastar Jet after the industry was hit by air travel slump amid the coronavirus outbreak.