Budget Airline Guide

Low-cost airlines information center

T’way Airlines

T’way Airlines Low-cost Airline

T’way Airlines

T’Way is a budget airline based in Seoul, South Korea. It was originally founded in 2004 as Hansung Airlines but shut down due to financial issues. The airline was re-launched in 2010 with the new name and new destinations.

Initially, T’Way was launched as a domestic airline with flights on the popular Seoul – Jeju Island route. In October 2011 T’Way announced its first international route to Thailand. The airline plans to add more international destinations including China and Japan.

T’Way Airlines operates a fleet of Boeing 737 aircraft with an entirely economy class lay-out.

T’way Airlines news
T’way Airlines News

Current T’way Airlines destinations include:

South Korea
Jeju (Jeju International Airport)
Seoul (Gimpo Airport)
Seoul (Incheon International Airport)

Japan
Fukuoka (Fukuoka Airport)

Thailand
Bangkok (Suvarnabhumi International Airport)

Over 10 million South Koreans flew budget airlines in 2011

January 24, 2012 By Budget Airline News

The number of Koreans using low-cost airlines surpassed 10 million for the first time last year as more people take advantage of affordable air travel at home and abroad.

The figure reflects a 32.5 percent on-year surge, according to the Transport Ministry. Combined market share of the country’s five budget carriers — Jeju Air, Air Busan, Jin Air, Eastar Jet and T’way Air — jumped to 16.5 percent, up by 3.3 percent.

In stark contrast, the number of air travelers rose merely 4.8 percent during the period to about 49.1 million. That includes those flying with Korean Air and Asiana Airlines, the two national flag carriers.

The data underscores the fledgling companies’ growing slice of the aviation pie on the back of robust demand for easier, cheaper air travel, which was once deemed a costly luxury.

They offer one-way tickets from Seoul and Jeju for as low as 19,000 won (US$16.8) during off-peak times, nearly a third of regular price tags. During the busy season, however, prices go up to around 80,000 won.

In the domestic market, the five firms together boasted a 41.4 percent share last year. They control more than 50 percent in three routes — Gimpo-Jeju, Gimhae-Jeju and Gunsan-Jeju.

To hedge against skyrocketing fuel prices and revenue shortfall, the no-frills carriers are increasingly steering overseas now via 25 international flights. More than 1.8 million people flew abroad with them last year, doubling their collective stake on-year to 4.3 percent in that segment.

Filed Under: Asia Tagged With: Air Busan, Eastar Jet, Jin Air, T'way Air

Book Online

Search for cheap flights
Budget Airline Guide - Low-cost airlines information center

Destinations

  • Asia
  • Europe
  • North America
  • Australia
  • Middle East
  • Latin America
  • Africa

Hotel Deals of the Day

Airlines

  • Airlines List (A to Z)

News

  • Latest Airline News

Copyright © 2025 · Budget Airline Guide. All Rights Reserved. Netmobius publication.