Latest news with #KimJae-hyun
Korea Herald
08-05-2025
- Business
- Korea Herald
Tire Bank Group Acquires Controlling Stake in Air Premia
Paving the Way for Stronger Governance and Global Expansion of Korea's Leading Hybrid Airline SEOUL, South Korea, May 8, 2025 /PRNewswire/ -- Tire Bank Group has officially acquired a controlling stake in Air Premia (CEO Kim Jae-hyun, Yoo Myung-sub), Korea's first long-haul hybrid airline, reinforcing its commitment to advancing the country's aviation industry on a global scale. On April 30, 2025, Tire Bank Group signed a definitive agreement to acquire an additional 22% equity stake in Air Premia from JC SPC and Sono International. This acquisition raises the Group's total ownership to over 70%, solidifying its position as the airline's majority shareholder. Since Air Premia's launch in 2018, Tire Bank Group has played a pivotal role in supporting the airline's development through strategic investments. Despite global headwinds and the unprecedented impact of the COVID-19 pandemic, Air Premia has demonstrated remarkable operational resilience and adaptability. Tire Bank Group maintained unwavering confidence in the airline's potential, steadily increasing its ownership to 48% during turbulent times. Now, with a controlling interest, the Group is positioned to drive responsible management practices and long-term growth strategies. Fleet and Route Expansion Underway Air Premia is actively expanding its fleet and route network as part of its mid- to long-term growth plan. The airline currently operates seven Boeing 787-9 aircraft, with two additional aircraft set to be introduced later this year. Beginning July 2, the carrier will launch a new route to Honolulu, Hawaii - its fourth scheduled destination in the USA. To bolster operational stability, additional spare engines have also been secured. Executive Statement "Airlines are more than businesses—they represent the dignity and global standing of a nation," said Kim Jeong-kyu, Chairman of Tire Bank Group. "We are committed to building Air Premia into a premium hybrid airline that proudly represents Korea and elevates its presence in the global aviation market." About Tire Bank Group Founded in 1991, Tire Bank is Korea's first and only dedicated tire distribution company, operating 501 stores across the country. With a customer-first philosophy, the company has introduced a range of industry-first services, including a tire warranty program, tire hotel premium storage service, and an emergency response program for tire-related issues. Tire Bank also actively contributes to local communities through various charitable and donation initiatives.
Korea Herald
18-03-2025
- Entertainment
- Korea Herald
N.Flying to hold first full-group concert in 2 years
is returning to the stage for its first full-group concert since "&Con3," held in January 2023. FNC Entertainment announced Tuesday through its official social media channels that will hold "&Con4: Full Circle" at Olympic Hall in Seoul Olympic Park from May 9 to 11 and at KBS Busan Hall in Busan on July 5. The concert's title signifies the cycle formed as returns after a period of change and growth, reuniting with fans who have awaited them. This concert will be the group's first since members Cha Hun, Kim Jae-hyun and Seo Dong-sung completed their military service. The teaser poster features the concert details shaped into the number "10" in celebration of their 10th debut anniversary. Known for its refreshing and emotional music, is set for an active season with performances at various festivals before and after the concert. They will perform at Live on Spring in Daegu in April, Peak Festival in May and Beautiful Mint Life in June. Tickets for the Seoul concert will be available on Interpark Ticket, with the fan club presale opening on March 28 at 8 p.m. and general ticketing April 1 at 8 p.m.
