Why VIG Partners could pair Air Premia with Eastar Jet

Airlines make for tricky bets in private equity, where fuel swings, currency moves and lease bills mean that more passengers don't always add up to bigger profits. Yet for VIG Partners, a Seoul-based buyout fund that already owns budget carrier Eastar Jet, it seems one airline isn't enough. Industry sources said Tuesday that VIG was weighing a bid for Air Premia, a long-haul hybrid carrier that undercuts full-service airlines on fares while still offering perks like roomier seats and in-flight m

Source: The Korea Herald