[경제]Did you hide Eastar Jet’s ‘capital encroachment’?

[앵커]

The Ministry of Land, Infrastructure and Transport decided to launch a special investigation, claiming that Eastar Jet hid capital erosion in the process of changing its license.

The Ministry of Land, Infrastructure and Transport announced that the license might be revoked depending on the results of the investigation, but Eastar Jet is in the position to “solve the misunderstanding as soon as possible.”

Correspondent Choi Ki-seong.

[기자]

What the Ministry of Land, Infrastructure and Transport designated as false is the accounting data submitted by Eastar Jet when it applied for a license to change the international air transportation business in December last year.

Eastar Jet provided data that the total capital at the time was 236.1 billion won, indicating that it was not in a state of capital erosion.

However, according to the 2021 audit report uploaded to the Financial Supervisory Service’s electronic disclosure system in May, the total capital stood at -0.22 billion won, which is in a state of complete capital erosion.

Article 8 of the Aviation Business Act stipulates that in order to obtain an air transport business license, it is necessary to have the financial ability to conduct the relevant business, which also applies when applying for a change license.

Article 28 states that the license may be revoked if the license is obtained or registered by fraudulent or fraudulent means.

[김석기 / 국토교통부 감사담당관 : 거기(면허 또는 등록 취소)에 해당하는지를 조사하는 겁니다. (항공사업법) 제28조 1항의 사안에 해당이 되는지도 조사를 하는 겁니다. 거기에 해당하는지 여부에 대해서 (조사를) 하려는 겁니다.]

Eastar Jet said that it had no choice but to submit the May 2020 input data, which was the latest data at the time, because the accounting system was closed because it might not pay the maintenance fee from June 2020.

In the process of restoring the accounting system in February and conducting the audit, there was an unexpected loss, such as aircraft rental costs, which resulted in a difference from the previous figures.

[이창길 / 이스타항공 대외홍보팀장 : 사정상 회계시스템이 폐쇄되고, 정상적인 회계 결산이 진행될 수 없었습니다. 국토교통부에 이러한 사정 등을 충분히 소명하여 조속히 오해를 해소하도록 하겠습니다.]

Eastar Jet suspended all routes due to financial difficulties in March 2020, but was recently approaching approval of an air operation certificate, which can be called a commercial flight permit.

However, as the approval was delayed due to this special investigation, the timing of the resumption of flights also became unclear.

This is Choi Ki-sung from YTN.

YTN Choi Ki-seong ([email protected])

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