JEJU AIR PLANS TO PULL OUT FROM THE MERGER DEAL WITH EASTAR JET

Highlights –

• Jeju Air plans to pull out from the merger deal with Eastar Jet.
• Eastar Jet had failed to meet the deadline to fill its pre-requisites.
• The deal between the two airline companies was of $45 million.
• Unpaid wages for Eastar Jet workers amount to $19 million.

Jeju Air was earlier supposed to enter into a merger deal with Eastar Jet. However,....