[2] On 2 March 2020, Jeju Air, one of the South Korean Low-Cost Carriers decided to take over the management rights of Eastar Jet and signed a stock trading contract.

[7] Eastar Jet also began restructuring, the plan includes reduction of its fleet of 16 aircraft to four and reduce the labor force from 1,200 to 400; however, Jeju Air will rehire all of its dismissed employees.

[8] On June 17, 2021, it was announced that Eastar Jet was set to be acquired for more than US$97 million by property developer and preferred bidder Sung Jung, following an auction of the airline.

[9] However, Sung Jung sold the entire stake of Eastar Jet to VIG Partners, a private equity fund company, in January 2023.

According to AirPortal, an aviation information system of the Ministry of Land, Infrastructure and Transport, the number of domestic passengers of Eastar Jet between January and October this year[when?]