# Fly Gangwon

Fly Gangwon (Korean: 플라이강원; RR: Peullai Gangwon) was a short-lived South Korean low-cost airline which was founded in 2016 and made its maiden flight on 22 November 2019 from Yangyang to Jeju. The company slogan was Fly To Your Dream. On 19 May 2023 the airline ceased all flight operations and filed for bankruptcy protection.

## History
### Founding

Fly Gangwon was originally established as Fly Yangyang in November 2016 and signed the Convention on Support for Air Transport Business with Gangwon State.
In October 2017, Fly Yangyang changed its name to current name, Fly Gangwon and signed the agreement of leasing 3 Boeing 737-800. Fly Gangwon got the Air Operation Certificate in 2019, begins activation with relocating its headquarters to Yangyang County, location of Yangyang International Airport. In November, Fly Gangwon launches the route to Jeju after the flying test in October. In December, Fly Gangwon launches the route to Taipei–Taoyuan, its first international operation.

### Financial crisis

Fly Gangwon expanded its domestic and international network, but due to COVID-19 pandemic, Fly Gangwon got into financial difficulties. In December, Gangwon State Council financial committee approves a financial support of 6 billion won to Fly Gangwon to recover its operation, including receiving Air Cargo Transport Certificate and signing for introducing widebody aircraft, Airbus A330-200 and Airbus A330-200F.
In May 2023, Fly Gangwon suspended all its operations and applied for bankruptcy protection. Since the filing for bankruptcy protection, Fly Gangwon's Air Operation Certificate validation has been suspended. In November, Fly Gangwon returns its last aircraft to the lessor, and announces the main bidding in December with conducting the diligence of 3 Letter of Intent(LOI)s.

### Rehabilitation

In June 2024, the rehabilitation court announced that Winix, a Korean household appliances company was chosen as the final prospective acquisition. Winix will hold a meeting with creditors and shareholders this month to approve the M&A rehabilitation plan, and complete the acquisition of Fly Gangwon after the rehabilitation court approves the rehabilitation plan.
After the rehabilitation plan was approved by the Court, Winix changed the airline name from Fly Gangwon to Parata Airlines.

## Destinations

Fly Gangwon flew to the following destinations until before the bankruptcy protection:
| Country | City | Airport | Notes |
| Japan | Tokyo | Narita International Airport | |
| Philippines | Clark | Clark International Airport | |
| South Korea | Jeju | Jeju International Airport | |
| South Korea | Seoul | Gimpo International Airport | Terminated |
| South Korea | Yangyang | Yangyang International Airport | Hub |
| South Korea | Yeosu | Yeosu Airport | Terminated |
| Taiwan | Taichung | Taichung International Airport | |
| Taiwan | Taipei | Taoyuan International Airport | |
| Vietnam | Hanoi | Noi Bai International Airport | |
| Vietnam | Ho Chi Minh City | Tan Son Nhat International Airport | |

## Fleet

During its seven-year existence, Fly Gangwon had operated the following aircraft:
| Aircraft | Total | Introduced | Retired | Notes |
| Airbus A330-200 | 1 | 2022 | 2023 | |
| Boeing 737-800 | 5 | 2019 | 2023 | |