Six-party deal paves way for trade and tourism between Singapore and Busan

Six parties come together to sign the agreement to jointly promote Busan-Singapore trade and tourism

A six-party MoU has been signed to promote trade, business and tourism flows between Singapore and Busan.

The one-year partnership was signed between Changi Airport Group, Busan Metropolitan City (BMC), Korea Airports Corporation (KAC), Eastar Jet, Jeju Air and SilkAir.

Six parties come together to sign the agreement to jointly promote Busan-Singapore trade and tourism

This follows the allocation of traffic rights to South Korean airlines Eastar Jet and Jeju Air, as well as SilkAir, the regional wing of Singapore Airlines, to operate flights on the Singapore-Busan route.

SilkAir’s four-times weekly service to Busan started on May 1, 2019 while Jeju Air will commence its service to Singapore on July 4, 2019. Eastar Jet is expected to connect the cities in the coming months.

The six-party collaboration aims to strengthen air connectivity between Singapore and Busan and raise awareness of the respective airlines’ product offerings.

In the coming year, residents and travellers from both cities can expect various on-ground events such as roadshows, travel fairs and campaigns as CAG, KAC and BMC collaborate to help grow and sustain the Singapore–Busan route.

Busan had been identified by OAG – a leading provider of digital flight information, intelligence and analytics – as the top unserved market for Changi Airport, with an estimated indirect two-way traffic exceeding 75,000 passenger movements annually.

Lim Ching Kiat, managing director, air hub development of Changi Airport Group, said: “For many years, connectivity between Singapore and South Korea has been limited to Seoul with around 60 weekly services. As Changi Airport is the gateway to South-east Asia and given the increasing travel demand over the years between Singapore and Busan, we are pleased to welcome the opening of this new route which will offer greater convenience for travellers between the two cities.”

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