ABACE Convention News

Korea’s First FBO Is Under Construction In Seoul

 - April 13, 2015, 10:45 PM
South Korea presents a challenge to Chinese business aviation, with fewer operating hurdles. And a new Seoul FBO and bizav center under construction stands to attract more traffic. It is set to open in 12 months.

Korea Airport Corp. (KAC) and its partner Avjet Asia expect to complete construction of a new FBO at Seoul’s Gimpo International Airport by December 2015, and to officially open the new facility in April 2016. The Gimpo Business Aviation Center, which will effectively be the first purpose-built FBO in South Korea, will include a passenger terminal with customs and immigration controls and a large hangar that can accommodate up to eight large jets simultaneously.

Avjet Asia will manage the FBO under an agreement made with KAC in December 2013, providing all standard ground handling services. In the future, the Seoul-based subsidiary of U.S. private aviation group Avjet Corp., may consider partnerships to expand the range of services the facility offers to include aircraft maintenance.

In addition to attracting traffic specifically operating in and out of South Korea, Avjet Corp. chairman and CEO Marc Foulkrod believes the new FBO will become a popular transit stop for business aviation traffic in northeast Asia. “People are still having a lot of difficulty [operating] in China and Seoul is less than a two hour flight to Beijing and also convenient for Hong Kong,” he told AIN. “South Korea is English-speaking and a much easer place [to do business] than China. Some people are pulling their aircraft out of China and basing them elsewhere.”

Gimpo International Airport is located just nine miles west of the Seoul’s downtown district. The South Korean capital’s main gateway, Incheon International Airport, is 30 miles from the city center.

Here at the ABACE show, Avjet (Booth P123) will be displaying detailed images showing what the new FBO will offer. The company is also involved in aircraft sales, charter and management. It will also be represented at the show by Avjet Asia president Wook-Sang Cho. o