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Market Chatter: Jeju Air Expands Next-Generation Fleet with 13th B737-8

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Jeju Air (KRX:089590) has added its 13th Boeing B737-8 aircraft to its fleet on Saturday, Pulse reported on Monday, citing a company statement.

The next-generation planes now make up 30.2% of the airline's passenger fleet, while owned aircraft represent 34.8% of its total fleet, the publication said.

The airline is shifting from B737-800NG to the newer model to enhance cost efficiency and reduce environmental impact, the news portal said.

The B737-8 offers lower maintenance, repair and overhaul costs through longer component replacement intervals and consumes less fuel, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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