Lion Air president director Rusdi Kirana said the carrier plans to launch an airline in Singapore, and has informed the Changi Airport Group and Singapore Economic Development Board about his plans. As reported by The Straits Times, Mr Kirana said, “Asia is where the growth is. We have 36 jets coming every year until 2024. Lion Air is growing and Singapore is a key market for us, from where we would like to launch flights to China, Japan and the rest of Asia”. Lion Air’s next step is to apply for an Aircraft Operator’s Licence (AOC) with the Civil Aviation Authority of Singapore. If the airline is successful with attaining the AOC, the airline will be 49% held by Lion Air with the remaining 51% held by a Singaporean company.
Lion Air looking to launch airlines in Singapore: president director
You may also be interested in the following articles...
Lion Group expands fleet by 16 aircraft in 1H2016, surpassing the 250 aircraft milestone
Indonesia-based Lion Group expanded its fleet by 16 aircraft in 1H2016, cementing its position as the largest airline group in Southeast Asia. Lion now has a fleet of more than 250 aircraft while its rival AirAsia – the region’s second largest group – has under 200 aircraft based in Southeast Asia.
However a net gain of 16 aircraft over the last six months marks a slowdown for Lion. The group’s fleet grew by 59 aircraft in 2015 and 39 aircraft in 2014.
None of Lion Group’s five airline subsidiaries or affiliates added more than five aircraft in 1H2016, resulting in relatively modest capacity expansion. The rate of expansion will likely pick up in 2H2016 but not approach previous levels.
Southeast Asia: A dismal 2014 was followed by a much better 2016
Southeast Asian airlines experienced a significant improvement in profitability in 2015 as fuel prices dropped and market conditions became more favourable after a dismal 2014. However, Southeast Asia’s airline sector continues to underperform compared to other regions in Asia Pacific and particularly to Europe and North America.