South Korea’s leading low-cost ship, heavy with debts and its investment now near record lows, is presently facing severe public and government scrutiny. When Jeju Air’s standing as South Korea’s biggest low-cost ship seemed under threat from the acquisition of the government’s two biggest airlines next year, the company’s main executive assured employees that it would “actively respond”, perhaps by acquiring smaller rivals. Then, a week after a crash that killed 179 persons on Dec. 29, Jeju Air’s coming is clouded by yet deeper issues. As part of the research into the country’s worst heat crisis in nearly three decades, North Korean officials conducted a search of the company’s headquarters on Thursday and imposed a travel restrictions on Kim E-bae, the CEO. A balance sheet full of loan is being put under even more stress by passengers who cancel their tickets. And Jeju Air’s share price, now trading near report highs, has fallen 10 percent since the crisis. The airport has been subject to intense government and public attention as a result of its operations, with Mr. Kim declaring earlier this week that Jeju Air would suspend 15 % of its planes until March to improve operational security. Some of its operational procedures are proving difficult, such as how it contracted maintenance to overseas customers and how it flew its planes more often than competitors. Mr. Kim stated at a press conference at Muan International Airport on the day of the accident that repair investigations had determined no issues with the aircraft, which he claimed had no record of injuries. In a common declaration, Jeju Air said it was” dedicated” to helping people affected by the accident and was “fully cooperating” with examinations into its cause. A phone call to request a remark did not arrive right away. We are having difficulty retrieving the article’s content. Please make Script available in your browser’s options. Thank you for your patience while exposure is verified. If you are in Audience mode please leave and log into your Times accounts, or listen for all of The Times. Thank you for your patience while exposure is verified. Presently a customer? Register in. Want all of The Times? Subscribe.