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About

T'way Air is a low-cost airline based in Seongsu-dong, Seoul, South Korea.

The airline flies to many destinations including Guam, Daegu, Fukuoka, Jeju, Jinan, Osaka, Kunming, Macau, Lanzhou, Macau, Nanning, Sapporo, Oita, Siga, Shijiazhuang, Bangkok, Taichung, Taipei, Taiyuan, Ho Chi Minh City, Vientiane and Xuzhou, with a fleet of Boeing 737-800s.

The airline was established on 8 August 2010 with two Boeing 737-800s. The following month, the airline obtained an air operator's certificate (AOC) permitting domestic flights and commenced operations with services between Gimpo International Airport and Jeju International Airport. The following year an AOC for international operations was awarded and in October it launched the first international service, to Bangkok. In 2013 the airline achieved a profit for the first time.

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News

24th May 2018

Korean budget airlines, including T'way Air,  see huge profit jump in Q1 2018

Budget airlines in Korea have seen a substantial year-on-year rise in profit in the Q1 2018. Their combined profit has more than doubled when compared to the same time frame in 2017.

The figures are taken from the collective operating profits of Korea's six low-cost carriers — one of which is Eastar Jet — and show that numbers increased by 131% to bring in 186.1 billion won. Additionally, revenue was at 1.18 trillion won, meaning that the total revenue grew by 34.2%. The other five low-cost Korean carriers include Jeju Air, JinAir, T'way Air, Air Busan, and Air Seoul.

The boost in numbers could be due to the fast-growing demand for international and domestic flights within Korea and the rest of the world. 

16th February 2018

South Korea's Low Cost Carriers achieve huge increase in profit! 

The main budget carriers in South Korea have reported a combined revenue of 278.8 billion won, ($257.9 million) in 2017, up twofold from the year before. This impressive figure was achieved by the diversifying of Low Cost Carrier (LCC) routes and extending the breadth of their markets. Easter Jet, along with Jeju Air, Jin Air and others have increased their sales by 35% year-on-year. Operating income has surged by a whopping 92.7%. This has come despite a loss in China traffic due to diplomatic tension in the region. Of the six largest budget airlines, Jeju Air's earnings topped 101 billion won, with its sales reported at 996.3 billion won. The operating profit marks the first time that a budget carrier exceeded the 100 billion-won mark. Eastar Jet saw gains in sales and operating profit in 2017 and the numbers for Jin Air and T'way advanced at a sharp pace, with the latter escaping from a state of capital impairment last year.

Related to last year's market developments, a transport ministry official said there will be even greater competition to attract travelers this year, with local LCCs moving to acquire more passenger jets and generally engaging in aggressive marketing efforts. "Every effort will be made to reduce any fallouts from stiffer competition, with companies to be encouraged to expand flights and offer more services to customers," he said.

7th December 2017

T'way Air aims to add 8 Boeing 737 MAX 8 aircraft to its fleet

T'way Air Co., one of South Korea's six budget carriers, said Thursday it aims to bring in eight Boeing 737 MAX 8 aircraft by 2020 to better compete with its rivals. T'way Air plans to add one 737 MAX 8 to its fleet in the second half of 2019 and increase that to a maximum of eight by the end of 2020, the company said in a statement. "The B737 MAX 8 planes are expected to fly on mid-haul routes to Singapore, Indonesia and Central Asian countries, as they can stay airborne for eight hours on a single tank," a company spokesman said. The low-cost carrier currently operates 19 B737-800 jets on four domestic routes to Jeju Island and 44 international routes to 29 cities in eight countries, including Guam, Saipan, Tokyo, Danang and Hong Kong. The 189-seat B737-800 jet can fly six hours on a single tank, the company said. The B737 MAX 8 also has 189 seats and emits less carbon dioxide compared to planes of similar size, the statement said.T'way Air plans to add 10 large passenger jets to its fleet by 2025 to achieve its long-term goal of operating 50 aircraft. All planes operated by the airline are leased.

28th November 2017

Tigerair Taiwan, T'way Air sign codesharing MOU

Budget airline Tigerair Taiwan, a subsidiary of Taiwan's China Airlines, said Wednesday it has signed a memorandum of understanding (MOU) with South Korean counterpart T'way Air to provide codesharing services.In a statement, Tigerair Taiwan said Chairman Chang Ho-jo (張鴻鐘) signed the agreement with T'way Air Chief Executive Officer Jung Hong-Geun on Monday in the cargo center of Gimpo International Airport, where the Korean carrier is headquartered. The Taiwanese budget carrier said the MOU is expected to help the two partners expand their connecting network and provide better service to passengers.

It is the first time Tigerair Taiwan has entered into a codesharing agreement with a foreign counterpart. According to Tigerair Taiwan, T'way Air, set up in 2010, is a leading budget airline in South Korea with a fleet expected to grow to 19 planes by the end of the year.T'way Air currently operates flights between Songshan Airport in Taipei and Gimpo airport, and between Taoyuan International Airport and Daegu International Airport, and will begin service between Incheon International Airport and Taichung and Kaohsiung in December, Tigerair Taiwan said.

Tigerair Taiwan currently offers flights to 21 destinations, including service between Taoyuan and Daegu, Taoyuan and Busan, and Taoyuan and Jeju, the Taiwanese carrier said.Tigerair Taiwan's bottom line has improved considerably this year, posting a first-half profit of NT$174 million (US$5.8 million), compared with a loss of NT$420 million in the first half of 2016.The carrier said the positive results have given it hope that it can make up for losses of NT$1.3 billion accumulated in its first three years in business over the next four years.

1st November 2017

Jeju Air and T'way Air have announced plans to establish their own separate groundhandling companies. 
According to The Korea Herald, Jeju Air has signed an agreement to buy Dongbo Airport Service Co., one of Korea's largest groundhandling firms, for an undisclosed sum. Following the deal's completion, Dongbo will begin servicing Jeju Air as early as this year.

“As Jeju Air’s fleet and flights continue to expand, the need for stable support services has become more important,” an official with Jeju Air told the paper.
Meanwhile, T’way Air has begun the process of establishing its own groundhandling firm, tentatively named T’way Air Service. The report states that recruitment has already begun ahead of a proposed mid-December start of services. The move will also remove the carrier's reliance on Dongbo given its acquisition by rival Jeju Air.

Source: ch-aviation

July 2017

T'way Airlines partners with Sky Angkor Airlines to develop routes

T'way Air Co., one of South Korea's six budget carriers, has formed business ties with Sky Angkor Airlines in Cambodia to develop new routes and cooperate in flight operations. On Friday in Phnom Penh, the two airlines signed a memorandum of understanding to jointly develop new routes and operate their existing routes. Through the partnership, T'way Air expects to strengthen its services on routes to Vietnam and Cambodia, popular destinations for South Koreans during holidays.

T'way Air, a unit 80% owned by T'way Holdings, currently serves 39 routes to eight countries with a fleet of 18 B737-800 jets, all leased from Boeing. It aims to reinforce the fleet to 30 jets by 2020 and 50 by 2025. Sky Angkor Airlines is an airline based in Siem Reap, Cambodia and is a joint venture between Korean and Cambodian investors. It serves on two domestic routes and 10 international routes

December 2016

T'way Air announced it would start offering daily flights to and from Korea before Christmas of 2016

A low-cost Korean airline will start offering daily flights to and from Korea before Christmas of 2016. The popular low-cost carrier will help improve arrival numbers from South Korea. T’way Air is a popular low-cost carrier based in Seongsu-dong, Seoul, South Korea. Founded in August 2010, T’way Air has a fleet size of 15 with flights going to 26 destinations including China, Guam, Japan, Laos, the Philippines, Taiwan, Thailand, Vietnam, and the CNMI.

T’way Air also provides domestic flights within South Korea. t’way air has increased the number of international routes it operates from Daegu (TAE) from four to six in the last week.

On 13 December the South Korean LCC began three times weekly flights on the 2,074-kilometre route to Hong Kong (HKG). Two days later it launched five times weekly flights on the 2,882-kilometre route to Cebu (CEB) in the Philippines. The Cebu service arrives in the Philippines at 00:25 in the morning and departs again at 01:25. Both routes will be flown by the airline’s 737-800 fleet and neither route faces direct competition. t’way air’s other international services from Daegu are to Fukuoka, Osaka and Tokyo in Japan, as well as Taipei in Taiwan.

November 2016

T'way Airlines announced is it to launch new route linking Muan with Kitakyushu

T'way Airlines, one of South Korea's budget carriers, will launch flight service linking Muan with service to Kitakyushu in Japan this week, the regional government here said Sunday. The low-cost carrier said it will provide round-trip flights three times a week starting Tuesday. Muan lies 385 kilometers south of Seoul and it has one of South Korea's newer airports. The 70-minute flight will be operated for four month, with T'way to turn it into a regular service if there is demand.

The carrier said it will use its B737 passenger jet on the route that can seat 185 people. In November 2016, the airline has signed a Letter of Intent (LOI) for two B737-900s. In April 2017,it announced it and Air Busan had set up new routes to Japanese cities as part of efforts to offset declines in demand from China. The number of Chinese travelers has sharply declined following the ban on all travel packages to South Korea from March 15 onward amid a row between Seoul and Beijing over the planned deployment of an advanced US anti-missile system on the Korean Peninsula.

To offset declining demand on routes to and from China, Air Busan will open a route between Daegu and Tokyo on June 8, while increasing flights on the existing routes between Daegu and Osaka and Sapporo. Air Busan is 46 percent owned by Asiana Airlines Inc., the country's second-biggest passenger carrier by sales after Korean Air Lines Co. T'way Air, an 80 percent owned unit of T'way Holdings, will start services on the Jeju Island-Osaka and the Busan-Osaka routes on June 30 and July 1.