Jeju Air Puts Its Q400s Up for Sale

 - March 18, 2009, 9:45 AM

South Korea’s Jeju Air has hired UK-based Airstream International Group to “re-market” its four in-service Bombardier Q400 turboprops along with a large spares package that includes engines as the airline prepares to move to an all-Boeing 737-800 fleet. Now leasing two 737-800s from GECAS, Jeju Air placed an order for five more of the narrowbodies with Boeing in December 2007 but, according to Boeing’s database, it has yet to take delivery of any of the airplanes.

Jeju had taken delivery of five Q400s, but on Aug.12, 2007, one of the 74-seat turboprops skidded off the runway upon landing at Gimhae International Airport, Busan, resulting in a total hull loss, according to Airstream director Alex Vandeleur.

“We do have a considerable amount of interest in the [remaining Q400s] and are in negotiation with several parties…but to date have nothing agreed or signed,” said Vandeleur. “That said, we are confident that the Q400 market remains robust and homes will be found for these aircraft.”