403355553v5 

BEFORE THE 

U.S. DEPARTMENT OF TRANSPORTATION 

WASHINGTON, D.C. 

Application of ) 

) Docket No. OSTJEJU AIR CO., LTD. ) 

 ) 

For an exemption pursuant to 49 U.S.C. § 40109 ) 

and a foreign air carrier permit pursuant ) 

to 49 U.S.C. § 41301 (Korea – U.S.) ) 

 ) 

APPLICATION OF JEJU AIR CO., LTD. 

FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT

Communications with respect to this document should be addressed to: 

Josh Romanow 

Anna Park 

PILLSBURY WINTHROP 

SHAW PITTMAN LLP 

2300 N Street, NW 

Washington, DC 20037 

Phone: +1-202-663-8000 

Fax: +1-202-663-8007 

Email: romanow@pillsburylaw.com 

 anna.park@pillsburylaw.com 

Counsel for Jeju Air Co, Ltd. 

April 3, 2012 

NOTE: Any person may support or oppose this Application by filing an answer and serving a 

copy of the answer on counsel for Jeju Air Co., Ltd. and upon each person served with this 

application. Answers to the exemption application are due by April 18, 2012; answers to the 

permit application are due by April 24, 2012. 
 

1 

403355553v5 

BEFORE THE 

U.S. DEPARTMENT OF TRANSPORTATION 

WASHINGTON, D.C.

Application of ) 

) Docket No. OSTJEJU AIR CO., LTD. ) 

 ) 

For an exemption pursuant to 49 U.S.C. § 40109 ) 

and a foreign air carrier permit pursuant ) 

to 49 U.S.C. § 41301 (Korea – U.S.) ) 

 ) 

APPLICATION OF JEJU AIR CO., LTD. 

FOR AN EXEMPTION AND FOREIGN AIR CARRIER PERMIT

Jeju Air Co., Ltd. (“Jeju Air”), an air carrier of the Republic of Korea, hereby applies, 

under the provisions of 49 U.S.C. § 41301, and Subparts B and C of the Department’s Rules of 

Practice in Proceedings (14 C.F.R. §§ 302.201 and 302.301, et seq.), Part 211 of the 

Department’s Economic Regulations (14 C.F.R. Part 211), and the Department’s streamlined 

licensing procedures,1

 for an exemption and foreign air carrier permit authorizing it to engage in 

scheduled foreign air transportation of persons, property and mail from points behind the 

Republic of Korea via the Republic of Korea and intermediate points, to a point or points in the 

United States and beyond, to the full extent permitted by the U.S. – Republic of Korea Open 

Skies Agreement; as well as charter flights subject to Part 212 of the Department’s regulations. 

Jeju Air requests the exemption authority sought herein remain in effect until the Department 

issues Jeju Air the foreign air carrier permit requested herein. 

 

1 See Notice in Docket OST-2005-22228 (Aug. 23, 2005). 
 

2 

403355553v5 

In support of its application, Jeju Air states as follows: 

1. The applicant’s full name is Jeju Air Co., Ltd. Its principal place of business is 

#301-7, Yeon-dong, Jeju City, Jeju Special Self-Governing Province, Republic of 

Korea. Jeju Air is a corporation established under the laws of the Jeju Special SelfGoverning Province. Jeju Air’s Certificate of Incorporation is attached hereto as 

Exhibit A. 211.20(a) 

2. The government air transport authority having jurisdiction over Jeju Air is the 

Ministry of Land, Transport and Maritime Affairs (“MLTM”). The address of 

MLTM is as follows: 1 Joongaang-Dong, Kwachon City, Kyonggi-do 727-760, 

Republic of Korea. 211.20(b)

3. Authority Requested: Jeju Air seeks authority to conduct scheduled foreign air 

transportation of persons, property, and mail from points behind the Republic of 

Korea via the Republic of Korea and intermediate points, to a point or points in the 

United States and beyond, and charter flights pursuant to Part 212 of the 

Department’s regulations. Jeju Air proposes to commence service on the PusanGuam (PUS-GUM) and Incheon-Guam (INC-GUM) routes later this year and 

intends to initially utilize Boeing 737-800 aircraft with 186 or 189 seats. 211.20(c)

4. Management: A summary of Jeju Air’s management is attached hereto as Exhibit B. 

211.20(d) 

5. Statement of Ownership: Information on the ownership of Jeju Air is attached hereto 

as Exhibit C. 
 

3 

403355553v5 

6. Jeju Air neither directly nor indirectly has any interest in any of the entities listed 

below: 211.20(f).

A. Any US carrier; 

B. Any other foreign carrier; 

C. Any persons engaged in the business of aeronautics; and 

D. Any common carrier, or any person whose principal business is the holding 

stock in, or control, of any air carrier. 

7. Jeju Air is a citizen of the Republic of Korea. All of Jeju Air’s management and key 

personnel are citizens of the Republic of Korea. The extent of any government 

ownership is as follows: 81.69% is owned by Jeju Air’s parent company, which is 

9.09% owned by Korea Development Bank, which in turn is 4.54% owned by the 

Jeju Special Self-Governing Province, which in turn is 4.68% owned by individuals. 

211.20(g)

8. Jeju Air’s insurance meets the minimum requirements set forth in 14 C.F.R. 205. A 

copy of Jeju Air’s OST Form 6411, Certificate of Insurance is attached hereto as 

Exhibit D. 211.20(h)

9. A copy of the Jeju Air’s Air Operating Certificate is attached as Exhibit E. 211.20(i) 

Also attached as Exhibit E is a copy of Jeju Air’s business license. 211.20(i) 

10. Operating History: Jeju Air has been operating in the Republic of Korea for many 

years. Exhibit F provides additional background information on Jeju Air and its 

operations, including route structure. 211.20(j)

11. Fleet Composition: Jeju Air’s fleet is described in more detail in Exhibit G. 

211.20(k)
 

4 

403355553v5 

12. Maintenance: Jeju Air’s base and line maintenance services are provided at Gimpo 

and Incheon International Airports, Republic of Korea, and are performed by Jeju 

Air. Jeju Air’s maintenance program complies with the provisions of the ICAO 

Pilots and Airmen Annexes I, 6 (Part I), and 7. The Republic of Korea is a 

contracting state to the ICAO. 211.20(l)

13. Agreements: No cooperative arrangements or other agreements between Jeju Air and 

any U.S. or foreign air carrier would affect the services that Jeju Air proposes in this 

application. 211.20(m)

14. A required financial summary is attached hereto as Exhibit H. 211.20(n)

15. Jeju Air receives no financial assistance from the Korean Government. 211.20(o)

16. A forecast of traffic and financial results for the first full year of the proposed service 

is attached hereto as Exhibit I. 211.20(p) 

17. Designation: The authority requested herein is consistent with the terms of the U.S. – 

Republic of Korea Open Skies agreement. A copy of the formal designation by the 

Republic of Korea is attached as Exhibit J. 211.20(q)

18. Republic of Korea’s Policy with United States Carriers: It is Jeju Air’s 

understanding that the Republic of Korea would authorize services similar to those 

requested herein for a U.S. carrier under the bilateral agreement. Jeju Air’s new 

service will provide additional non-stop travel opportunities to citizens of both the 

U.S. and the Republic of Korea, serve the interests of comity and reciprocity, benefit 

travelers in both countries, and will, therefore, serve the public interest. 211.20(r) 

19. Tariff Violations/Accidents: Jeju Air has been involved in a single safety violation 

(which has been remedied and for which a civil penalty was already paid) but has not 
 

5 

403355553v5 

been involved in any tariff violations or fatal accidents in the past five years. 

211.20(s) 

20. Waiver of Warsaw Convention Liability Limits: A copy of Jeju Air’s OST Form 

4523 is attached hereto as Exhibit K. 211.20(t) 

21. Foreign Air Carrier Family Support Act Plan: Jeju Air’s plan will be submitted to the 

National Transportation Safety Board, with a copy to the appropriate docket at the 

Department. 

22. Summary of Passenger Manifest Information Collection Procedures: Jeju Air will 

collect the passenger manifest information required by 14 C.F.R § 243 and will 

transmit that information to the U.S. Department of State in the event of an aviation 

disaster. A summary of Jeju Air’s procedures is attached as Exhibit L. 

23. Fuel Consumption: The operation proposed by Jeju Air will not result in a near term 

increase in fuel consumption of ten million gallons or more. Consequently, grant of 

the authority requested herein will not constitute a “major regulatory action” under 

the Energy Policy and Conservation Act of 1975, as defined in 14 C.F.R § 313.4 

(a)(1). 

24. Verification: The verification required by 14 C.F.R 302.4 (b) is attached hereto as 

Exhibit M. 

25. Jeju Air’s will be working with the FAA International Field Office in Los Angeles, 

California to obtain its Part 129 Op Specs as quickly as possible. 

For the reasons set forth above, Jeju Air is fully qualified to operate the services for 

which authority is here requested, and grant of the requested authority will serve the public 

interest. Jeju Air requests that the exemption requested herein remain in effect until the 
 

6 

403355553v5 

Department issues it an effective permit. 

 WHEREFORE, based upon the foregoing information, Jeju Air respectfully requests that 

it be granted an exemption and foreign air carrier permit to engage in scheduled foreign air 

transportation of persons, property and mail as more fully described above. 

Respectfully submitted, 

Josh Romanow 

Anna Park 

PILLSBURY WINTHROP 

SHAW PITTMAN LLP 

2300 N Street, NW 

Washington, DC 20037 

Phone: (202) 663-8000 

Fax: (202) 663-8007 

Email: romanow@pillsburylaw.com 

 anna.park@pillsburylaw.com 

April 3, 2012 

Counsel for Jeju Air Co., Ltd. 
 

7 

403355553v5 

CERTIFICATE OF SERVICE

I hereby certify that a copy of the foregoing application of Jeju Air for an exemption and foreign 

air carrier permit has been served this day of April 3, 2012, upon each of the parties below by 

electronic mail. 

Hardie H. DeGuzman 

FAA - Los Angeles International Field 

Office 

Hardie.H.DeGuzman@faa.gov

Rick Mayfiled 

FAA - Oakland Field Office 

Rick.Mayfield@faa.gov

Carl B. Nelson, Jr. 

Associate General Counsel 

American Airlines, Inc. 

1101 Seventeenth Street, N.W. 

Suite 600 

Washington, D.C. 20036 

Carl.nelson@aa.com

Russell E. Pommer 

Associate General Counsel & Sr. Director 

 Regulatory Affairs 

Atlas Air Inc. 

1747 Pennsylvania Avenue, NW, Suite 875 

Washington, D.C. 20006 

rpommer@atlasair.com

Malcolm L. Benge 

Counsel for North American Airlines/World 

Airways 

Zuckert Scoutt & Rasenberger, L.L.P. 

888 17th Street, N.W., Suite 700 

Washington, D.C., 2006-3309 

mlbenge@zsrlaw.com

Dan Weiss 

Continental Airlines 

1600 Smith Street, Ste. HQSGV 

Houston, TX 77002 

dan.weiss@coair.com

Steve Morrissey 

Counsel for United Air Lines 

steve.morrissey@united.com

Howard Kass 

U.S. Airways 

1401 H Street, NW, Suite 1075 

Washington, DC 20005 

howard_kass@usairways.com

Sascha Vanderbellen 

Jeff Morgan 

Delta Air Lines, Inc. 

1275 K St., NW 

Washington, D.C. 20005 

sascha.vanderbellen@delta.com

jeff.morgan@delta.com

Nancy S. Sparks 

Bailey Leopard 

Federal Express Corporation 

1101 Pennsylvania Avenue, N.W., Suite 600 

Washington, D.C. 20004 

nssparks@fedex.com

gbleopard@fedex.com

Anita Mosner 

Counsel for United Parcel Service 

Holland & Knight 

2099 Pennsylvania Avenue, N.W. 

Suite 100 

Washington, DC 20006 

anita.mosner@hklaw.com

/s/ Melinda A. Hernandez
 

9

TABLE OF EXHIBITS 

Exhibit A Certificate of Incorporation 

Exhibit B Management & Key Personnel 

Exhibit C Ownership 

Exhibit D OST Form 6411, Foreign Air Carriers Certificate(s) of Insurance 

Exhibit E Air Operator’s Certificate and Business License 

Exhibit F Background, Operations, and International Route Structure 

Exhibit G List of Aircraft 

Exhibit H Financial Summary 

Exhibit I Forecast of Traffic and Financial Results 

Exhibit J Designation 

Exhibit K OST Form 4523, Waiver of Warsaw Convention Liability Limits 

Exhibit L Summary of 14 C.F.R. 243 Procedures 

(Passenger Manifest Collection Procedures) 

Exhibit M Verification 
 

403355553v5 

Exhibit A-1

EXHIBIT A 

CERTIFICATE OF INCORPORATION 

(Attached.)
 

403355553v5 

Exhibit A-1
 

403355553v5 

Exhibit A-2
 

403355553v5 

Exhibit A-3
 

403355553v5 

Exhibit A-4
 

403355553v5 

Exhibit A-5
 

403355553v5 

Exhibit A-6
 

Exhibit B-1

EXHIBIT B 

MANAGEMENT & KEY PERSONNEL 

Name: Ahn, Yong Chan 

Title: C.E.O./ Vice Chairman 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1000 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Cho, Jae Yearl 

Title: C.E.O./ President 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1005 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Park, Young Cheol 

Title: C.F.O. 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1007 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Eum, Boo Young 

Title: C.O.O. 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1006 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Han, Wan Hee 

Title: Director of Flight Operation Div. 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1009 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 
 

Exhibit B-2

Name: Lee, Kang Hyo 

Title: Director of Maintenance & Engineering Div. 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1010 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Park, Kuek Ro 

Title: Director of Operation Support Div 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1022 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Kang, Hee Nam 

Title: Director of Jeju Support Div 

Business Address: #301-7, Yeon-dong, Jeju City, Jeju Special Self-Governing Province,

Republic of Korea 

Phone Number: +82.70.7420.1300 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Oh, Sang In 

Title: Director of Safety & Security Office 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1022 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 

Name: Yang, Seong Jin 

Title: Director of Public Relation Office 

Business Address: #366 International Cargo Terminal, 150 Gonghang-Dong, 

Gangseo-Gu, Seoul, Republic of Korea 

Phone Number: +82.70.7420.1302 

Citizenship: Republic of Korea 

Not related by blood or marriage to any other individual(s) listed in Exhibit B. 
 

Exhibit C-1

EXHIBIT C 

OWNERSHIP 

Name: Aekyung Petrochemical Co., Ltd. 

Address: 106-3, Guro 5(o)-Dong, Guro-Gu, 

 Seoul, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 7,585,334 (34.47%) 

Name: Aekyung Industrial Co., Ltd. 

Address: 83 Guro-Dong, Guro-Gu, 

Seoul, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 4,318,918 (19.63%) 

Name: ARD Holdings, Inc

Address: AK Plaza 10F, 185-568 Pyeongtaek-Dong, Pyeongtaek-dSi 

Gyeonggi-Do, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 4,194,800 (19.06%) 

Name: Suwon-Aekyung Station development Co., Ltd. 

Address: 1-18 Maeshin-ro, Paldal-Gu, Suwon-Si, 

Gyeonggi-Do, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 904,127 (4.11%) 

Name: Aekyung Development Co., Ltd. 

Address: 28-1 Gonjiam-Ri, Silchon-Eup, Gwangju-Gun, 

Gyeonggi-Do, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 573,655 (2.60%) 

Name: Aekyung Chemical Co., Ltd. 

Address: 106-3, Guro 5(o)-dong, Guro-gu, 

Seoul, Korea 

Citizenship: Republic of Korea 

Number of shares owned: 400,000 (1.82%)
 

Exhibit D-1

EXHIBIT D 

OST FORM 6411 

FOREIGN AIR CARRIERS - CERTIFICATE OF INSURANCE 

(Attached.) 
 

Exhibit D-2
 

Exhibit D-3
 

Exhibit E-1

EXHIBIT E 

AIR OPERATOR’S CERTIFICATE AND BUSINESS LICENSE 

(Attached.) 
 

Exhibit E-2
 

Exhibit E-3

 NO. : 3 

Air Transport Business License 

{ Company Name : Jeju Air Co,.Ltd 

{ Name of Representative : Cho, Jae Yearl 

{ Corporation Registration Number : 220111 – 0050575 

{ Address : 303 3rd floor, Hyunil building 301-7, Yeon-dong, Jeju-si, 

Jeju-do, Korea 

{ Business Scope : International & Domestic Air Transportation 

 (Passenger, Cargo) 

{ Date of Authority : Aug. 25, 2005 

We hereby permit Jeju Air Co,.Ltd’s International Air Transport Business License 

According to [Civil Aeronautics Law, Article 112] 

 March 30th, 2012 

Minister of Land, Transport and Maritime Affairs
 

Exhibit E-4
 

Exhibit F-1

EXHIBIT F 

BACKGROUND, OPERATIONS AND 

INTERNATIONAL ROUTE STRUCTURE 

Jan Achieved IOSA 3rd Edition 

Feb Exceeded 6 million passengers 

May Regular Busan – Hong Kong route Launched 

Jun Regular Jeju– Osaka route Launched/ Regular Busan– Bangkok route 

Launched/ 8th B737-800 aircraft acquired/ Total accumulated passengers 

reached 7 million/ A total of 70,000 flights 

Jul Total accumulated passengers reached 1 million on International Flight 

Oct Total accumulated passengers reached 8 million/ For the first time, national 

LCC annual sales reached 200 billion won 

Feb Introduced 5th B737-800(HL8214) 

Mar Launch regular Gimpo – Nagoya, Japan route 

Apr Exceeded 4 million passengers 

May Signed maintenance contract with Boeing Shanghai 

Sep Exceeded 5 million passengers 

Oct Launch regular Incheon – Hong Kong route / Introduced 6th B737-

00(HL8233) 

Nov Launch regular Incheon – Manila, Busan – Cebu route / Introduced 7th 

B737-800(HL8234) 

Dec Exceeded 60,000 flights 

Mar Launch regular Incheon – Osaka, Incheon-Kitakyushu, Japan route 

* Korea's 1st low-cost airline to launch international regular services 

Apr Launch regular Incheon – Bangkok route/Achieved IOSA / Introduced 3rd 

B737-800(HL7796) 

Feb Exceeded 20,000 flights 

May Introduced 1st B737-800(Hl7779) 

Jun Launch regular Cheongju – Jeju route 

Jul 1st chartered plane flight/ Introduced 2nd B737-800(HL7780) 

Dec Exceeded 2 million passengers 

Nov Exceeded 1 million passengers 

Jun Achieved Air Operation Certificate(AOC) Launch regular Seoul – Jeju route 

Aug Launch regular Seoul – Busan route 

Jan Establishment 

Aug Achieved regular aviation transport industry license 
 

Exhibit G-1

EXHIBIT G 

LIST OF AIRCRAFT 

Item Fleet Registration 

Number 

Serial 

Number Status Lessor Country of Registration

1 B737-800 HL7779 28824 Leased Macquarie ROK 

2 B737-800 HL7780 28827 Leased Macquarie ROK 

3 B737-800 HL7796 28628 Leased GECAS ROK 

4 B737-800 HL8206 30877 Leased Oak Hill ROK 

5 B737-800 HL8214 28608 Leased BBAM 

Europe 

ROK 

6 B737-800 HL8233 28383 Leased Oak Hill ROK 

7 B737-800 HL8234 30285 Leased ACG ROK 

8 B737-800 HL8239 29344 Leased ILFC ROK 

9 B737-800 -- -- Planned -- ROK 

10 B737-800 -- -- Planned -- ROK 

11 B737-800 -- -- Planned -- ROK 

12 B737-800 -- -- Planned -- ROK 
 

Exhibit H-1

EXHIBIT H 

FINANCIAL SUMMARY 
 

Exhibit H-2
 

Exhibit H-3
 

Exhibit H-4
 

Exhibit H-5
 

Exhibit H-6
 

Exhibit H-7
 

Exhibit H-8
 

Exhibit H-9
 

Exhibit H-10
 

Exhibit H-11
 

Exhibit H-12
 

Exhibit H-13
 

Exhibit H-14
 

Exhibit H-15
 

Exhibit I-1

EXHIBIT I 

FORECAST OF TRAFFIC AND FINANCIAL RESULTS

PUS/GUM Route

1. Operation Plan for Passenger Service (Available Seats and Frequencies) 

2012. 7.16 ~ 2013 

Route & Frequency / Week 8 / Week 8 / Week 

PUS/GUM/PUS 8 8 

Load Factor (E) 69% 70% 

Frequency / Year (OW) 202 416 

Available Seats 38,178 78,624

Expected Passenger 

transported 26,343 55,037

2. Operation Profit (E) and its calculation basis 

A. Operation Plan (E) 

Flight Frequency (OW) Route 

2012. 7. 16 ~ 2013 

PUS/GUM/PUS 8 8 

Frequency / Year (OW) 202 416 

B. Year-round Transport Plan (E) 

(Unit: USD = KRW 1000) 

PUS/GUM/PUS Route 2012. 7. 16 ~ 2013 

Weekly Frequency / 

Week 8 8

Load Factor 69% 70%

Average Revenue 229 235
 

Exhibit I-2

C. Operating Profit for the First Year of Operation (E) 

(Unit: USD = KRW 1000) 

Per Flight 2012 2013 

Passenger 

Revenue 29,864 31,090

Cost of Goods 

Sold 27,708 28,195

Operating 

Expenses 2,630 2,640

Per 

Flight 

Operating 

Profit -474 255

Year-round 2012 7.16 ~ 2013 

Passenger 

Revenue 6,032,528 12,933,440

Cost of Goods 

Sold 5,597,016 11,729,120

Operating 

Expenses 531,260 1,098,240

Year 

Round 

Operating 

Profit -95,748 106,080

ICN/GUM/ICN Route

1. Operation Plan for Passenger Service (Available Seats and Frequencies) 

2012.10.1 ~ 2013 

Route & Frequency / Week 14 / Week 14 / Week 

ICN/GUM/ICN 14 14 

Load Factor (E) 70% 71% 

Frequency / Year (OW) 184 728 

Available Seats 34,776 137,592

Expected Passenger 

transported 24,343 97,691
 

Exhibit I-3

2. Operation Profit (E) and its calculation basis 

A. Operation Plan (E) 

Flight Frequency (OW) Route 

2012. 10. 1 ~ 2013 

ICN/GUM/ICN 14 14 

Frequency / Year (OW) 184 728 

B. Year-round Transport Plan (E) 

(Unit: USD = KRW 1000) 

ICN/GUM/ICN Route 2012. 10. 1 ~ 2013 

Weekly Frequency / 

Week 14 14

Load Factor 70% 71%

Average Revenue 240 242

C. Operating Profit for the First Year of Operation (E) 

(Unit: USD = KRW 1000) 

Per Flight 2012 2013 

Passenger 

Revenue 31,752 32,474

Cost of Goods 

Sold 29,438 29,445

Operating 

Expenses 2,630 2,640

Per 

Flight 

Operating 

Profit -316 389

Year-round 2012 10.1 ~ 2013 

Passenger 

Revenue 5,842,368 23,641,072

Cost of Goods 

Sold 5,416,592 21,435,960

Operating 

Expenses 483,920 1,921,920

Year 

Round 

Operating 

Profit -58,144 283,192
 

Exhibit J-1

EXHIBIT J 

DESIGNATION 

(Attached.) 
 

Exhibit J-1
 

Exhibit K-1

EXHIBIT K 

OST FORM 4523 

WAIVER OF WARSAW CONVENTION LIABILITY LIMITS 

(Attached.)
 

Exhibit K-2
 

Exhibit L-1

EXHIBIT L 

SUMMARY OF 14 C.F.R. 243 PROCEDURES 

(PASSENGER MANIFEST COLLECTION PROCEDURES) 

Introduction 

This summary is submitted by Jeju Air to the U.S. Department of Transportation in 

accordance with 14 C.F.R. Part 243. 

Summary of Procedures 

For each covered flight segment, Jeju Air shall collect, or cause to be collected, the full 

name of each passenger who is a U.S. citizen. Any U.S. citizen who does not provide this 

information will not be permitted to board. 

Jeju Air will request an emergency contact telephone number and name from U.S. citizen 

passengers. As the provision of this information is voluntary, Jeju Air will not deny boarding to 

any passenger who refuses to provide it. 

Jeju Air shall store the information collected pursuant to the above procedures until 

passengers on the covered flight segment disembark. This information will be kept confidential 

and will not be used for purposes other than those described herein or disclosed to any entity 

except as required and permitted by law. 

In the event of an aviation disaster, Jeju Air shall contact the Managing Director of 

Overseas Citizen Services, Bureau of Consular Affairs, U.S. State Department, by telephone. Not 

later than three hours after confirmation of such a disaster, Jeju Air shall transmit to the U.S. 

State Department and, upon request, the National Transportation Safety Board, the information 

collected in accordance with these procedures. 

24 Hour Contact Information 

Jeju Air’s 24-hour operations center is located in Seoul Office, Republic of Korea. Any 

agent of the U.S. government may contact operations center personnel at any time by dialing 

either +82.70.7420.1008 or +82.70.7420.1080. 
 

Exhibit M-1

EXHIBIT M 

VERIFICATION 

(Attached.)