On April 30, 2025<\/span>, Tire Bank Group signed a definitive agreement to acquire an additional 22% equity stake in Air Premia from JC SPC and Sono International. This acquisition raises the Group’s total ownership to over 70%, solidifying its position as the airline’s majority shareholder.<\/p>\n Since Air Premia’s launch in 2018, Tire Bank Group has played a pivotal role in supporting the airline’s development through strategic investments. Despite global headwinds and the unprecedented impact of the COVID-19 pandemic, Air Premia has demonstrated remarkable operational resilience and adaptability.<\/p>\n Tire Bank Group maintained unwavering confidence in the airline’s potential, steadily increasing its ownership to 48% during turbulent times. Now, with a controlling interest, the Group is positioned to drive responsible management practices and long-term growth strategies.<\/p>\n Fleet and Route Expansion Underway<\/b><\/p>\n Air Premia is actively expanding its fleet and route network as part of its mid- to long-term growth plan. The airline currently operates seven Boeing 787-9 aircraft, with two additional aircraft set to be introduced later this year. Beginning July 2<\/span>, the carrier will launch a new route to Honolulu, Hawaii<\/span> – its fourth scheduled destination in the USA<\/span>. To bolster operational stability, additional spare engines have also been secured.<\/p>\n Executive Statement<\/b><\/p>\n “Airlines are more than businesses\u2014they represent the dignity and global standing of a nation,” said Kim Jeong<\/span>-kyu<\/b>, Chairman of Tire Bank Group. “We are committed to building Air Premia into a premium hybrid airline that proudly represents Korea and elevates its presence in the global aviation market.”<\/p>\n About Tire Bank Group<\/b><\/p>\n Founded in 1991, Tire Bank<\/b> is Korea’s first and only dedicated tire distribution company, operating 501 stores across the country. With a customer-first philosophy, the company has introduced a range of industry-first services, including a tire warranty program, tire hotel premium storage service, and an emergency response program for tire-related issues. Tire Bank also actively contributes to local communities through various charitable and donation initiatives.<\/p>\n For media contact, or additional information, please contact:<\/b> <\/p>\n Paving the Way for Stronger Governance and Global Expansion of Korea’s Leading Hybrid Airline<\/b><\/p>\n SEOUL, South Korea<\/span><\/span>, May 8, 2025<\/span><\/span> \/PRNewswire\/ — Tire Bank Group has officially acquired a controlling stake in Air Premia<\/span><\/b>(CEO\u00a0Kim Jae-hyun,\u00a0Yoo Myung-sub), Korea’s first long-haul hybrid airline, reinforcing its commitment to advancing the country’s aviation industry on a global scale.<\/p>\n On April 30, 2025<\/span>, Tire Bank Group signed a definitive agreement to acquire an additional 22% equity stake in Air Premia from JC SPC and Sono International. This acquisition raises the Group’s total ownership to over 70%, solidifying its position as the airline’s majority shareholder.<\/p>\n Since Air Premia’s launch in 2018, Tire Bank Group has played a pivotal role in supporting the airline’s development through strategic investments. Despite global headwinds and the unprecedented impact of the COVID-19 pandemic, Air Premia has demonstrated remarkable operational resilience and adaptability.<\/p>\n Tire Bank Group maintained unwavering confidence in the airline’s potential, steadily increasing its ownership to 48% during turbulent times. Now, with a controlling interest, the Group is positioned to drive responsible management practices and long-term growth strategies.<\/p>\n Fleet and Route Expansion Underway<\/b><\/p>\n Air Premia is actively expanding its fleet and route network as part of its mid- to long-term growth plan. The airline currently operates seven Boeing 787-9 aircraft, with two additional aircraft set to be introduced later this year. Beginning July 2<\/span>, the carrier will launch a new route to Honolulu, Hawaii<\/span> – its fourth scheduled destination in the USA<\/span>. To bolster operational stability, additional spare engines have also been secured.<\/p>\n Executive Statement<\/b><\/p>\n “Airlines are more than businesses\u2014they represent the dignity and global standing of a nation,” said Kim Jeong<\/span>-kyu<\/b>, Chairman of Tire Bank Group. “We are committed to building Air Premia into a premium hybrid airline that proudly represents Korea and elevates its presence in the global aviation market.”<\/p>\n About Tire Bank Group<\/b><\/p>\n Founded in 1991, Tire Bank<\/b> is Korea’s first and only dedicated tire distribution company, operating 501 stores across the country. With a customer-first philosophy, the company has introduced a range of industry-first services, including a tire warranty program, tire hotel premium storage service, and an emergency response program for tire-related issues. Tire Bank also actively contributes to local communities through various charitable and donation initiatives.<\/p>\n For media contact, or additional information, please contact:<\/b>![\"Tire](\"https:\/\/mma.prnasia.com\/media2\/2682394\/1st_image___Tire_Bank_Group.jpg?p=medium600\" "\\"Tire")
<\/a>
Tire Bank Group<\/span><\/p>\n<\/div>\n
Seung Shin Park<\/span>
ss.park@airpremia.com<\/a>
https:\/\/www.airpremia.com\/<\/a><\/p>\n![\"Air](\"https:\/\/mma.prnasia.com\/media2\/2682395\/2nd_image_Air_Premia.jpg?p=medium600\" "\\"Air")
<\/a>
Air Premia<\/span><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":" <\/a>
Tire Bank Group<\/span><\/p>\n<\/div>\n
Seung Shin Park<\/span>
ss.park@airpremia.com<\/a>
https:\/\/www.airpremia.com\/<\/a><\/p>\n