The recent increase in aviation demand has led to the growth of the air transportation business sector, especially low cost carriers (LCC). The resulting increase in the number of airline flights absolutely requires airlines and airport operators to invest their own efforts to secure time and specialized personnel for aircraft maintenance, provide effective safety education to flight and cabin crews, and improve the safety of airport facilities.

However, ‘aviation traffic service providers’ are only making a corporate disclosure in general, rather than managing expenditure or investment to secure or improve safety.

Accordingly, the Amendment aims to obligate the ‘aviation traffic service providers’ to maintain or increase safety-related investments by introducing a system of voluntary public announcement of expenditures or investments for safety on an annual basis, and to induce them to rectify any problems that might arise.

Specifically, the Act aims to require the ‘aviation traffic service provider‘ to record, on their own, the expenditures for securing or improving safety, that is, the financial resources committed to aircraft operation and maintenance, airport facility management and improvement, operation of a safety system, provision of educational training to their personnel, etc. (Article 133-2; Article 135, paragraph 5, subparagraph 11; Article 156-4 and Article 166, paragraph 1, subparagraph 15 newly inserted).

Aviation traffic service providers under Article 2-35 of the Aviation Business Act shall publicly announce every year their safety-related expenditure or investment details directly/indirectly related to the purpose of enhancing aviation safety (Article 133-2, paragraph 1 newly inserted).