Domestic airlines facing turbulence
(WorldNews South Korea)

Air Premia`s Boeing B787-9. / Courtesy of Air Premia By Kim Hyun-bin Despite a record number of passengers in recent years, some local airlines are struggling to stay afloat, with some on the verge of shutting down due to managerial and financial issues. Air Premia, a budget carrier granted its business license last month, is on the verge of losing it because of an ongoing conflict between management and shareholders. According to the Ministry of Land, Infrastructure and Transport and the aviation industry, the airline held a board of directors` meeting Friday with shareholders wanting to replace CEO Kim Jong-chul. Kim and shareholders have been in a...