Following the tragic crash that killed 179 passengers, Jeju Air's future is uncertain, marred by debt, public scrutiny, and operational practices now under investigation.
Chief executive Kim E-bae has faced intense government scrutiny post-crash, particularly around Jeju Air's operational practices such as the frequency of flights and overseas maintenance outsourcing.
Despite the airline's assurances of operational safety, the investigation has raised questions about Jeju Air's practices, leading to a 10% drop in stock prices since the disaster.
In response to the crash, Kim announced a cut of 15% in flights to enhance operational stability while promising full cooperation with ongoing investigations.
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