Winix took over 100% of the air carrier for 20 billion won ($14.6 million) last month, after getting the nod of the Seoul Rehabilitation Court to Fly Gangwon's self-rescue plan in the same month.
Winix plans to transform Parata Air into a so-called hybrid airline, operating both short- and long-haul aircraft.
Among the nine domestic LCCs, Air Premia Inc. has a similar business model to that of Fly Gangwon. But it operates only interntional flights.
Parata Air is expected to resume operations within the year, with plans to introduce new aircraft.