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Mihin Lanka is a Sri Lankan LCC fully owned by the Sri Lankan Government. It offers low fare services from Colombo to cities in the Indian subcontinent, the Gulf and Southeast Asia.
Location of Mihin Lanka main hub (Colombo Bandaranayake International Airport)
LCCs will continue to evolve into hybrids of the original core model. CAPA and OAG consider Mihin Lanka fits the LCC profile and it is included in our reporting on this basis. Please note: when reporting for an airline is changed from or to LCC the historical data is not affected and it can lead to a distortion in the current reported data. Contact us if you have any queries.
110 total articles
11 total articles
The Kuala Namu International Airport outside Medan opened on 25-Jul-2013, becoming the least congested major airport in Indonesia. Medan currently only has six international routes and is served by only six foreign carriers, five of which come from nearby Malaysia and Singapore. But Kuala Namu has the potential of becoming a major international hub in response to growing demand from the local market, which has a catchment area of over 10 million people, and from transit traffic as infrastructure constraints at Indonesia’s other major airports worsen.
Garuda Indonesia, which opened a domestic hub in Medan earlier this year, has postponed international expansion from the airport. But Garuda will inevitably relook at opening international routes at Medan and using it as an alternative to Jakarta for domestic-to-international and even international-to-international connections.
Meanwhile, other Indonesian and foreign carriers will take advantage of a rarity in Indonesia – a spacious airport that is not operating above capacity. LCCs, which already account for over 70% of domestic and international capacity at the new airport, are particularly well positioned given that Medan does not have the business traffic profile of Jakarta.
SriLankan Airlines is planning to focus expansion on existing and new markets in Asia ahead of the carrier’s ascension into the oneworld alliance. SriLankan is now on course to formally become oneworld’s smallest member in Nov-2013.
The government-owned carrier is currently focused heavily on South Asia, which accounts for 41% of its international seat capacity. SriLankan’s network in South Asia, particularly India and the Maldives, is its main draw to oneworld. But North Asia is SriLankan’s target growth market, with more capacity to greater China and the likely launch of flights to South Korea. SriLankan’s North Asia expansion could be boosted by a relationship with Cathay Pacific, which is sponsoring SriLankan’s membership into oneworld.
Sri Lanka’s national carrier, SriLankan Airlines, reported an operating loss of USD56.8 million in 2010, marking a 49% reduction in losses compared with 2009 levels, while Mihin Lanka turned around to achieve a USD3.8 million profit from a USD6.0 million loss in 2009. The figures were released in the Central Bank's 2010 annual report.
In October 2010, SpiceJet will become the first independent Indian LCC to launch international operations. This marks an important step in the development of the low-cost model in India, which has been embraced in the domestic market.
Sri Lanka’s aviation industry has suffered on several fronts in recent years, with its hub role to India diminished by that country's liberalisation of airline market access with its key trading partners, coupled with a major downturn in international tourism. Major policy and strategic changes in the aviation sector are now occurring, spearheaded by the impending full renationalisation of SriLankan Airlines, and development of a second international airport. Both these developments reflect Sri Lankan aviation's streamlined future role: supporting the national tourism industry, which has improved prospects thanks to the cessation of the long-running civil war in mid-2009.
SriLankan Airlines Chairman, Nishantha Wickramasinghe stated the carrier is still performing well despite the global financial downturn, after seeing an 80% year-on-year increase in passenger numbers during Sep-2009 and Oct-2009.
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