RyanAsia Singapore Principal Declan Ryan stated Thai Tiger Airways is confident of taking 10% market share and handle 1-1.5 million passengers in its first year of operation (The Nation, 18-Oct-2010). The LCC plans to launch operations with three to five aircraft, to be expanded to 35 in five years. Mr Ryan stated the growth potential for LCCs is “very positive in the Asia Pacific region when compared with Western markets, as operators here provide only 15.5% of overall air travel in this region, compared with 36% in Europe and 21.7% as a global average”. He added the growth potential is also huge due to the large population in the Asia Pacific region.
RyanAsia Singapore: “Thai Tiger Airways will be a big success. Asia is a huge target market with a population of 3 billion, many of whom have never flown, together with low low-cost-airline penetration," Declan Ryan, Principal. Source: The Nation, 18-Oct-2010.