Korea Airport Corp. (KAC) recently announced a deal with Avjet to build and manage an FBO at Seoul’s Gimpo Airport, close to the city center, with the aim of making it the country’s main business aviation hub. The main airport, Incheon, is some 30 miles from the city center.
Construction of the new FBO started in February next to the Gimpo international terminal, and the plan is for it to open in October 2015. Avjet Asia has been awarded the contract to operate the FBO.
KAC president and CEO Kim Seok-ki has worked closely with Avjet to finalize the arrangement. “President Kim’s insight, leadership and vision for growth of the Korean corporate aviation market makes Avjet Asia proud to be a partner in this process,” said Marc Foulkrod, chairman of Avjet. He added that business aviation in South Korea has been growing slowly over the past five years, with the largest business jet operator being Korean Air. The airline operates four Cessna Citation Vs and two CitationJet CJ1s–although all of them are used for training at the airline’s Jeongseok Airport on Jeju Island. It also has a Boeing Business Jet and a Bombardier Global Express XRS, which are operated by Korean Air Business Jet.