Qantas Group stated (23-Aug-2012) Jetstar Pacific (Vietnam) now has a fleet of five Boeing 737s and two A320s. The carrier also confirmed (22-Aug-2012) it will take delivery of another A320 this month, as part of its fleet renewal programme. The additional aircraft will bring Jetstar Pacific’s fleet of A320s to three and allow the retirement of a 737-400 aircraft. The airline’s four remaining 737 aircraft are planned to be phased out by early 2013 as the carrier prepares to grow to an all-A320 fleet of up to 15 aircraft. The carrier, which handled around 2 million passengers in FY2012, has benefited from a successful AUD25 million (USD26 million) recapitilisation (AUD7.5 million/USD7.9 million) for Qantas, which has a 30% ownership position in the carrier after increasing its shareholding in Feb-2012, with Vietnam Airlines replacing State Capital Investment Corporation as the majority shareholder with 68%. [more - original PR - Jetstar Pacific fleet renewal] [more - original PR - Qantas Report]
Jetstar Pacific handles around 2 million pax in FY2012 with seven (soon to be eight) aircraft
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CAPA Australia Pacific Aviation Summit highlights opportunities in Australia’s international market
A common theme in the CAPA Australia Pacific Aviation Summit 2016 in Brisbane on 4 and 5-Aug-2016 was opportunities in Australia’s international market. Australia is experiencing rapid inbound and outbound growth, opening up opportunities for airports, local airlines and foreign airlines.
Australia-China in particular is a market in the spotlight following 22% growth in inbound visitors from China in 2015. However, there are also opportunities to develop new routes to other Asian countries and the more mature markets in Europe and North America, driven partially by new aircraft technology.
The Summit attracted over 40 airlines and 40 airports. Jetstar Group CEO Jayne Hrdlicka and Qantas Group CEO Alan Joyce opened both days of the summit with stimulating keynote addresses to over 400 delegates.
China is not the only game in town: Asia’s other aviation growth markets
China captures headlines and imaginations in terms of market growth potential, and rightly so - it will generate 100 million tourists annually by the end of this decade. But there are other markets in Southeast Asia that show high potential and remarkable promise for future growth opportunities.
The large aircraft order book hovering over the region has attracted significant attention from the global industry in recent years. Much of this is directed at short haul markets, as new LCCs expand and regional commerce develops. While the rate of growth has been slowing, the order book suggests at some point the rate of LCC growth in Southeast Asia will re-accelerate. Southeast Asian LCCs currently have over 1,100 orders, including almost 90 widebody aircraft. LCCs currently account for about 75% of orders among Southeast Asian airlines but only about 33% of the active fleet. Even when factoring in replacements the size of the LCC fleet should more than double over the next decade.
Three Southeast Asian markets recorded double-digit passenger growth in 2015 – Thailand, Vietnam and Cambodia – while another three experienced high single-digit growth – the Philippines, Laos and Myanmar. Indonesia and Malaysia have struggled recently but should see faster growth rates again in the medium to long term. Indonesia, with its 200 million population, is perhaps the quiet medium term performer. Thailand and Vietnam, for now, remain the hottest markets in Southeast Asia. Myanmar is also intriguing, but much smaller.