Southeast Asia LCC aircraft fleet approaches 700 aircraft following 10% expansion in 2017
Southeast Asia's LCC fleet expanded by 10% in 2017 and will soon surpass 700 aircraft. The rate of fleet growth accelerated from 7% in 2016, but was slower than the 13% achieved in 2015 and the 16% in 2014.
There are currently 20 LCCs in Southeast Asia operating of the order of 690 aircraft, according to the CAPA Fleet Database. Vietnam's VietJet Air had the fastest-expanding fleets in 2017, adding 17 aircraft and overtaking three airlines to become the fifth largest LCC in Southeast Asia, based on fleet size.
AirAsia Malaysia also grew rapidly, adding 13 aircraft. VietJet and AirAsia Malaysia, combined, accounted for nearly half of the additional aircraft for Southeast Asia's dynamic LCC sector.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.