Air Busan (BX, Busan) has approved a KRW40 billion won (USD27.6 million) short-term bank borrowing facility to secure working capital and liquidity, doubling its total short-term borrowing limit to KRW80 billion (USD55.2 million), according to a stock exchange filing dated July 27, 2026.

The new facility represents 24.6% of the airline's KRW162.9 billion (USD112.5 million) equity capital. Air Busan also has KRW40 billion in privately placed bonds, maturing within one year.

The airline emphasised that the facility is a borrowing limit rather than an immediate drawdown, noting it will access the funds as needed following discussions with its financial institution.

The decision comes as Air Busan reported a second-quarter operating loss of KRW35.5 billion (USD24.5 million), up from KRW11.1 billion (USD7.7 million) a year earlier. While revenue rose 37.3% year-on-year to KRW235.3 billion (USD162.4 million), the carrier posted a net loss of KRW61.8 billion (USD42.7 million), reversing a KRW27.7 billion (USD19.1 million) profit from the second quarter of 2025.

The Chosun Ilbo newspaper reported that Air Busan attributed the revenue growth to expanded operations, including new charter flights to Japan and China, and normalised aircraft availability. Higher fuel costs and foreign-exchange translation losses, however, weighed heavily on profitability.

Looking ahead, the airline plans to add flights on core routes during the summer peak, expand charter services to nearby international markets, and launch a Busan-Guangzhou route by the end of 2026 after securing traffic rights.