Air Busan Co., Ltd. pushes forward its IPO plan. Air Busan held a Board meeting on November 23, 2015, to discuss who could potentially lead the IPO process, scheduled for completion by the end of next year. "Air Busan organized the meeting to bring our stakeholders together to study various options, including the direction and timing of the planned IPO," an Air Busan spokesperson told The Korea Herald.

"We are seeking fresh investments to strengthen our footing against increasing market competition. As the firm relies entirely on leased aircrafts, the newly channeled funds may be used to purchase our own aircrafts to cut down costs," spokersperson said. By going public, Air Busan is expected to raise at least KRW 100 billion won in new funds.