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Air Busan (BX, Busan), Air Seoul (RS, Seoul Incheon), and Jin Air (LJ, Jeju) will be integrated into a single low-cost carrier, the president of Korean Air (KE, Seoul Incheon), Kee Hong Woo, has said in an online press briefing on the flag carrier’s Asiana Airlines (OZ, Seoul Incheon) acquisition progress. But it is too early to tell where it will be based, he added.

His comments came despite earlier South Korean government assurances that an integrated LCC headquarters would likely be set up at a local airport and not necessarily in Seoul.

“We are still considering whether the integrated LCC will be a subsidiary of Korean Air or of [Korean Air parent] Hanjin KAL, as Jin Air currently is. We will decide on the timeline and direction after thoroughly reviewing the details, such as the required funds and restrictions under the Fair Trade Act,” Woo said in the written briefing presented on March 31.

In answer to the pre-arranged question, “Where will the integrated LCC headquarters...

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