Malindo Air Part 1: Lion Group Malaysian JV accelerates fleet expansion as Indonesia growth slows
Malindo Air is pursuing rapid expansion as the Lion Group's Malaysian joint venture embraces a full service network model. Malindo plans to add 13 or 14 aircraft in 2016 - making it one the fastest growing airlines in Asia and yet another thorn in the side of Malaysia Airlines.
Malindo has added seven aircraft over the past four months, giving it an active fleet of 34 aircraft. Malindo is now in the process of putting into service two more aircraft, and expects to add another five to six aircraft by the end of 2016.
This is Part 1 in a series of reports on Malindo. This part will focus on its plans for fleet expansion. Subsequent analyses will examine Malindo's network expansion, its partnership strategy and its overall outlook.
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