Choi Jung-ho, chief executive of South Korea's cheaper airline Jin Air, said Friday that the Chinese are expected to resume their travels to South Korea from January and to get out of the slump since the diplomatic dispute between China and South Korea.
Choi Jung-ho also told Reuters that True Aviation has received several applications for charter flights from some Chinese travel agencies and he expects chartered flights to resume early next year.
Since March 15, China's team tour to South Korea has been at a standstill. Earlier, the South Korean government decided to deploy the U.S. anti-missile system in the Sudan. China opposed it.
Since January this year, South Korean airlines have also rejected the charter flights from China to South Korea.
South Korean President Wen Jiaoyin and Chinese President Xi Jinping will hold a summit next month, and both agreed in October to repair the bilateral relations.
"The demand in China will resume in January and we expect a real recovery in February," Choi Jung-ho said at a media briefing. He refers to China's Spring Festival holiday materials in February to boost demand.
He also said that Japan's travel demand is likely to rebound next year; this year Japan's demand for travel to South Korea fell, partly due to North Korea's nuclear threat intensified.
True Airlines is a subsidiary of South Korea's largest airline, Korean Air (003490.KS), which plans to raise 381.6 billion won ($ 341.53 million) in initial public offerings next month.
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