Parata Air

Parata Air
IATA ICAO Call sign
WE PTA PARATA AIR
Founded12 April 2016; 10 years ago (2016-04-12)
Commenced operations
22 November 2019; 6 years ago (2019-11-22)
Operating bases
Incheon International Airport
Focus citiesYangyang International Airport
Fleet size4(+1)
Destinations8
Parent companyWinix
HeadquartersYangyang, South Korea
Websitewww.parataair.com

Parata Air (Korean: 파라타 항공), formerly Fly Yangyang and Fly Gangwon, is a South Korean low-cost airline. The carrier has announced plans to resume domestic services between Gimpo, Jeju, and Yangyang in August 2025. It also intends to launch international flights from Incheon to destinations in Japan, Vietnam, and the United States.

History

Founding

Fly Gangwon was originally established as Fly Yangyang in November 2016 and signed the Convention on Support for Air Transport Business with Gangwon State.

In October 2017, Fly Yangyang changed its name to Fly Gangwon and signed a lease for 3 Boeing 737-800. Fly Gangwon received its Air Operator's Certificate in 2019, and relocated its headquarters to Yangyang County, home to Yangyang International Airport. In November, Fly Gangwon began flights to Jeju. In December, Fly Gangwon launched flights to Taipei–Taoyuan, its first international destination.

Financial crisis

Fly Gangwon expanded its domestic and international network, but due to COVID-19 pandemic, Fly Gangwon got into financial difficulties. In December, Gangwon State Council financial committee approves a financial support of 6 billion won to Fly Gangwon to recover its operation, including receiving Air Cargo Transport Certificate and signing for introducing widebody aircraft, Airbus A330-200 and Airbus A330-200F.

In May 2023, Fly Gangwon suspended all its operations and applied for bankruptcy protection. Since the filing for bankruptcy protection, Fly Gangwon's Air Operation Certificate validation has been suspended. 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.

Rehabilitation

In June 2024, the rehabilitation court announced that Winix, a Korean household appliances company, was chosen as the final prospective acquirer of Fly Gangwon. Winix held a meeting with creditors and shareholders that month to approve the M&A rehabilitation plan, and completed the acquisition after the court's approval. Following the court's decision, the airline was rebranded from Fly Gangwon to Parata Airlines. Parata Airlines operates with strategic bases not only at Incheon International Airport and Gimpo International Airport, but also at Yangyang International Airport. The airline is pursuing a multi-route strategy that includes both domestic and international routes to ensure stable operations and long-term profitability.

Destinations

Parata Air operates the following destinations, and some of were operated by Fly Gangwon before the bankruptcy protection:

Country City Airport Notes Refs
ChinaShenzhenShenzhen Bao'an International AirportBegins 9 November 2026
JapanOsakaKansai International Airport
SapporoNew Chitose Airport
TokyoNarita International Airport
PhilippinesClarkClark International AirportTerminated
South KoreaJejuJeju International Airport
SeoulGimpo International Airport
Incheon International Airport
YangyangYangyang International AirportHub
YeosuYeosu AirportTerminated
TaiwanTaichungTaichung International AirportTerminated
TaipeiTaoyuan International AirportTerminated
VietnamDa NangDa Nang International Airport
HanoiNoi Bai International Airport
Ho Chi Minh CityTan Son Nhat International AirportTerminated
Nha TrangCam Ranh International Airport
Phu QuocPhu Quoc International Airport

Fleet

Current fleet

As of September 2025, Parata Air operates the following aircraft:

Parata Air fleet
Aircraft In service Orders Passengers Notes
C Y+ Y Total
Airbus A320-200 2 — — 12 156 168 Deliveries in September 2025.
— 174 174
Airbus A330-200 3 — 18 — 242 260 Deliveries in August 2025.
— 49 245 294
Total 5 —

Retired fleet

Parata Air's predecessor, Fly Gangwon had operated the following aircraft, during its seven-year existence:

Aircraft Total Introduced Retired Notes
Airbus A330-200 1 2022 2023
Boeing 737-800 5 2019 2023

References

  1. ↑ "South Korea's Parata Air Applies to Serve U.S." airlinegeeks.com. 24 October 2025. Retrieved 24 October 2025.
  2. ↑ "양양공항 첫 모기지 저가항공사 내년 8월 취항…활성화 기대" [Yangyang Airport's first mortgage low-cost airline will launch in August next year...Expect activation]. Yonhap News Agency (in Korean). 25 November 2016.
  3. ↑ "강원도-플라이양양, 양양공항 모기지 항공운송사업 협력" [Gangwon State-Fly Yangyang, Yangyang Airport mortgage air transport business cooperation]. Yonhap News Agency (in Korean). 13 March 2017.
  4. ↑ "[단독]플라이양양, '플라이강원'으로 개명" [[Exclusive]Fly Yangyang, changes name to Fly Gangwon]. News1 (in Korean). 10 October 2017.
  5. ↑ "플라이양양 여객기 3대 임차…6월 초 면허 재신청" [Fly Yangyang planes lease 3 aircraft...reapplication for license in early June]. Yonhap News Agency (in Korean). 29 May 2017.
  6. ↑ "플라이강원·에어로케이·에어프레미아 신규면허 발급" [Fly Gangwon·Aero K·Air Premia receives operation license]. Yonhap News Agency (in Korean). 5 March 2019.
  7. ↑ "LCC 항공사 '플라이강원' 본사, 상반기 양양으로 이전" [Low Cost Carrier 'Fly Gangwon', relocate its headquarter to Yangyang in first of the year]. News1 (in Korean). 13 January 2019.
  8. ↑ "플라이강원 5일부터 시범운항…11월 국내선 취항 목표" [Fly Gangwon, begins test flight from 5 October…plans to launch domestic operation in November]. Yonhap News Agency (in Korean). 2 October 2019.
  9. ↑ "양양~제주 하늘길 열렸다...플라이 강원, 22일 양양~제주 노선 취항" [Yangyang~Jeji route has been opened...Fly Gangwon launches Yangyang~Jeju on 22 November]. Chosun News (in Korean). 22 November 2019.
  10. ↑ ""세계 향한 날개 활짝" 플라이강원 26일 국제노선 첫 취항" [Fly Gangwon launched its first international route on the 26th]. Yonhap News Agency (in Korean). 26 December 2019.
  11. ↑ "플라이강원 자본금 바닥…재정 압박 가중" [Fly Gangwon capital bottom...increased financial pressure]. KBS News (in Korean). 3 June 2020.
  12. ↑ "'플라이강원 지원안' 강원도의회 예결위 통과" ['Fly Gangwon Support Plan' passes Gangwon-do Council's Budget and Accounts Committee]. KBS News (in Korean). 8 December 2020.
  13. ↑ "플라이강원 재도약 날갯짓…화물운송·노선 확장 본격화" [Fly Gangwon leap forward... cargo transportation and route expansion in earnest]. Kookmin Ilbo News (in Korean). 10 October 2022.
  14. ↑ "플라이강원, 중대형기 A330-200 도입 계약…"2025년까지 7대 도입"" [Fly Gangwon signs to introduce medium- and medium-sized aircraft A330-200..."Introducing 7 units by 2025"]. EToday (in Korean). 29 March 2022.
  15. ↑ "플라이강원, 20일부터 운항 중단·22일 기업회생 신청" [Fly Gangwon suspends operations from the 20th and applies for corporate rehabilitation on the 22nd]. Maeil Economy (in Korean). 18 May 2023.
  16. ↑ "플라이강원, 20일부터 운항 중단·22일 기업회생 신청" [Fly Gangwon, suspends operation from 20th·applies bankruptcy protection in 22nd]. ChosunBiz (in Korean). 19 July 2023.
  17. ↑ "[단독] 플라이강원, 항공기 없다...마지막 기재도 반납" [[Exclusive]Fly Gangwon, doesn't have any aircraft...returns its last aircraft]. Financial News (in Korean). 21 November 2023.
  18. ↑ "플라이강원, 총 3곳서 인수의향서 접수…내달 13일 본입찰 한다" [Fly Gangwon receives letters of intent to take over from a total of three locations...The main bidding will be held on the 13th of next month]. Maeil Economy (in Korean). 27 November 2023.
  19. ↑ 조윤희 (17 May 2024). "Winix was selected as a conditional acquisition of LCC Fly Gangwon, a low-cost airline that uses Yan.. - MK". 매일경제. Retrieved 18 August 2026.
  20. ↑ ""출장객·여행객 모두 잡는다"…파라타항공, 11월 인천~선전 신규 취항" ["Capturing both business travelers and tourists"…ParanairAsia to Launch New Incheon–Shenzhen Route in November]. hankyung.com (in Korean). 30 September 2026.
  21. 1 2 3 "Parata Air NW25 Preliminary International Operations". aeroroutes.com. 26 October 2025.
  22. 1 2 3 4 "파라타항공, 일본·베트남 등 국제선 취항" [Parata Air launches international flights to Japan and Vietnam]. kado.net (in Korean). 27 October 2025.
  23. ↑ "파라타항공, 일본 삿포로 노선 신규 취항…여름 북해도 수요 공략" [Parata Air, launches new route to Sapporo…Targeting the demand for the Hokkaido in the summer]. Hankyung News (in Korean). 16 March 2026.
  24. ↑ "플라이강원, '양양-도쿄' 나리타 노선…양양국제공항 최초 취항" [Fly Gangwon, Yangyang-Tokyo Narita Route…First flight to Yangyang International Airport]. EBN News (in Korean). 30 August 2022.
  25. ↑ "Fly Gangwon". www.flygangwon.com. Retrieved 23 January 2020.
  26. ↑ "Fly Gangwon schedules late-Nov 2019 launch to Jeju :: Routesonline". routesonline.com. Retrieved 18 November 2019.
  27. 1 2 3 "Parata Air Schedules Domestic Korea Service Debut in late-Sep 2025". aeroroutes.com. 19 September 2025.
  28. ↑ "플라이강원, 양양~김포 노선 신규 취항" [Fly Gangwon, launches Yangyang~Gimpo route]. Newsis (in Korean). 21 July 2020.
  29. ↑ "플라이강원 양양~김포 운항 재개" [Fly Gangwon, resumes Yangyang~Gimpo]. Yonhap News Agency (in Korean). 2 July 2021.
  30. ↑ "플라이강원, 양양-여수노선 첫 취항" [Fly Gangwon, launches first Yangyang-Yeosu flight]. Financial News (in Korean). 19 February 2022.
  31. 1 2 "New Korean budget airline to start flying to Taoyuan next month | Society | Focus Taiwan - CNA English News". m.focustaiwan.tw. Retrieved 22 December 2019.
  32. ↑ "FLYGANGWON ADDS TAIPEI SERVICE FROM DEC 2022". Aeroroutes. 1 November 2022.
  33. 1 2 "플라이강원, 10월부터 하노이·호치민 노선 운항" [Fly Gangwon to operate Hanoi-Ho Chi Minh route from October]. Yonhap News Agency (in Korean). 26 August 2022.
  34. ↑ "파라타항공, 베트남 하노이 신규 취항…주 7회 일정" [Parata Air launches new service in Hanoi, Vietnam...a schedule of seven times a week]. Seoul Economic News (in Korean). 19 March 2026.
  35. ↑ "Aircraft and Seat Information". Parata Air.
  36. ↑ "항공기 등록현황" [Aircraft registration status]. Ministry of Land, Infrastructure, and Transport of Korea.
  37. ↑ "신생 항공사 파라타항공, 2호기 도입…운항 재개 준비 박차" [New airline Parata Airlines introduces 2nd fleet...preparations for the resumption of operations]. Yonhap News Agency. 8 September 2025.
  38. ↑ "국내 9번째 LCC 파라타항공 1호기 도입 완료…강원 양양공항 취항도 속도" [The introduction of the 9th LCC Parata Airlines No. 1 aircraft in Korea has been completed...Speed of service to Yangyang Airport in Gangwon State]. Chosun News. 3 August 2025.
  39. ↑ "연도별 도입 현황" [Introduction status by year]. atis.casa.go.kr (in Korean). Ministry of Land, Infrastructure, and Transport.
  40. ↑ "연도별 말소 현황" [Removal status by year]. atis.casa.go.kr (in Korean). Ministry of Land, Infrastructure, and Transport.