Air Seychelles expands aggressively in 1H2013 in a transformative year

Air Seychelles announced a strong second quarter and half year financial performance as its turnaround strategy begins to deliver results. The carrier stood on the brink of collapse in 2011 before Etihad came to the rescue by taking a 40% equity stake.

Since its partnership with Etihad took effect in Jan-2012, a considerably slimmed-down Air Seychelles has demonstrated strong growth as it works to re-establish an international network through an increasing number of codeshare partners.

Air Seychelles forecasts that it is on track for a second year of profitability after reporting a USD1 million profit for the financial year to Dec-2012, having lost USD12.5 million in 2011.

Air Seychelles' CEO, Cramer Ball stated: "We are creating a solid foundation for the future of our airline, Seychelles tourism and our home economy, and we are on track for a second year of profitability".