Switzerland's Zurich Airport entered (05-Nov-2009) into a strategic alliance with GVK Power & Infrastructure Ltd (GVKPIL) for international airport activities in the Indian subcontinent. At the same time GVKPIL will acquire 12% share ownership in Bangalore International Airport Ltd (BIAL) from Zurich Airport. Zurich Airport will remain the operator of Bengaluru International Airport and will retain 5% of the share capital of BIAL, including its board representation. [more]
Zurich Airport enters strategic alliance in India
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Lufthansa Group-Singapore Airlines JV Part 3: JV to support expanded Singapore-Europe capacity
The new Lufthansa Group and Singapore Airlines (SIA) Group joint venture open up opportunities for additional capacity from Singapore to Germany and Switzerland. Lufthansa is confident the improved connectivity beyond Singapore which comes with the JV will help support higher traffic and capacity levels while SIA will benefit from improved connectivity beyond its three German and Swiss gateways.
The two airline groups recently already added over 1,100 weekly one-way seats from Singapore to Germany and Switzerland, representing expansion of 8%, ahead of the formal start of the JV. The expansion included the launch of flights by SIA to Dusseldorf, a route that likely would not have been viable without the JV, and the up-gauging of flights to Singapore by Swiss from A340s to 777-300ERs.
Both airline groups are now considering further capacity increases as well as new routes. Lufthansa is looking at using its new A350 fleet to resume Singapore-Munich, which would supplement its daily Singapore-Frankfurt A380 service and give the group 21 weekly frequencies and nearly 8,000 weekly one-way seats under the JV compared to 31 frequencies and nearly 10,000 weekly seats for SIA.
SWISS finishes first phase of long haul fleet transition. New 777s driving growth, but yield suffers
In 2016 SWISS has rapidly added capacity to Southeast Asia and some of its other long haul markets as it has replaced A340-300s with 777-300ERs. The new 777s have 55% more seats than the A340s, pressuring yields as SWISS pursues more sixth freedom traffic in a highly competitive marketplace.
SWISS has taken delivery of six 777-300ERs in 2016, enabling it to increase capacity on four of its long haul routes – Bangkok, Hong Kong, Los Angeles and Singapore. It has three more 777-300ERs on order, which will be delivered in 2017 and drive further capacity increases in Singapore and San Francisco.
SWISS is now assessing whether it should acquire another six 777s to replace its last six A340s, with a decision expected by the end of 2016. Six additional 777s would result in another round of significant capacity increases, impacting Beijing, Johannesburg, Sao Paulo, Shanghai and Tokyo.