Parata Airlines (Korean: 파라타 항공; RR: Parata Hanggong), formerly Fly Yangyang and Fly Gangwon, is a preparing South Korean low-cost airline which was founded in 2016.

[8][9] In December, Fly Gangwon launches the route to Taipei–Taoyuan, its first international operation.

[11] In December, Gangwon State Council financial committee approves a financial support of 6 billion won to Fly Gangwon[12] to recover its operation, including receiving Air Cargo Transport Certificate and signing for introducing widebody aircraft, Airbus A330-200 and Airbus A330-200F.

[15] Since the filing for bankruptcy protection, Fly Gangwon's Air Operation Certificate validation has been suspended.

[16] In November, Fly Gangwon returns its last aircraft to the lessor, and announces the main bidding in December with conducting the diligence of 3 Letter of Intent(LOI)s.[17][18] In June 2024, the rehabilitation court announced that Winix, a Korean household appliances company was chosen as the final prospective acquisition.