Vanuatu is an island nation located in the South Pacific Ocean. Its major airports are Bauerfield International Airport, Santo-Pekoa International Airport and Whitegrass Airport and its national carrier is Air Vanuatu. The island is served by other airlines including Aircalin, Air New Zealand, Air Pacific and Virgin Australia. The Civil Aviation Authority of Vanuatu is the authority responsible for regulating the country’s air transport industry.
Airports in Vanuatu
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Air Calédonie International (Aircalin), the national carrier of New Caledonia, plans to develop its core Australian and New Zealand routes as the carrier enters into a development phase that could include the acquisition of additional narrowbody Airbus aircraft.
The carrier is expecting modest growth of about 3% annually for the next few years supported by a new national tourism strategy targeting wealthier tourists, in particular from Australia. The country is looking to build a viable tourism industry as a diversification to its dominant mining sector.
But the archipelago has suffered a steady decline in tourist visitors from its key markets, Australia, Japan and New Zealand, in recent years which will make growth at Aircalin a challenge.
Southern Cross Airport Holdings Ltd (SCAHC), operator of Sydney Airport Corporation Ltd (SACL), reported a 9.3% lift in EBITDA for the nine months ended 30-Sep-08, on an 8.7% increase in revenue. The 9.5% lift in EBITDA in the third quarter was enough to produce the airport’s second best quarterly EBITDA margin of 82%.