S.Korea decides not to revoke Jin Air's business license; shares surge

Jin Air Co

17/08/2018 02:16

SEOUL, Aug 17 (Reuters) - South Korea on Friday announced
its decision to not revoke the aviation business license of
budget carrier Jin Air  272450.KS , sending its shares surging
as much as 20 percent. 
    South Korea's transport ministry said, however, it will
restrict the carrier from registering new aircraft and routes
for a "certain period of time."  

 (Reporting by Heekyong Yang; Editing by Edwina Gibbs)
 ((Heekyong.Yang@thomsonreuters.com; +82 2 3704 5647; Reuters
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