International Monetary Fund (IMF) stated (24-Oct-2010) Asia remains "firmly in the lead of the global economic recovery" with strong growth in the region set to continue. The expansion in Asia exceeded expectations in 1H2010 according to the IMF prompting it to revise significantly up its 2010 growth forecast for the region to 8%. IMF added that economies across the region are expanding strongly with China and India leading the way with projected 2010 growth rates of 10.5% and 9.7% respectively. In 2011, Asia’s growth is expected to moderate to a more sustainable pace of 6.8%.
Asia remains firmly in lead of global recovery: IMF
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Thai Airways Group outlook Part 2: Thai Smile to pursue more regional international expansion
The Thai Airways Group is planning further expansion of its regional network in 2017 using its full service subsidiary Thai Smile. Thai Smile has launched or resumed services to eight international destinations in 2017 and is considering the addition of several new destinations in 2017 across Southeast Asia, India and China.
The expansion of the Thai Smile regional international network is critical as Thai Airways expands in Europe. The group’s new strategy relies heavily on increased feed to its Australia, Europe and future North American operation by adding secondary destinations and improving connectivity.
This is the second part of an analysis report on the Thai Airways Group. In the first part CAPA focused on Thai’s long haul operation, in particular expansion plans for Europe. In this part CAPA will examine the outlook and plan for the group’s regional operation, including Thai Smile.
Northeast Asian airlines seek India connections to diversify away from SE Asia, China competition
Aviation has yet to define India’s role in the trans-Pacific growth story. Geography allows connections from North America to India via Europe, the Gulf and – more quietly – Northeast Asia. Northeast Asian airlines have a theoretical advantage linking India with the North American west coast. The challenge they face is fitting a square peg into a round hole.
The presence of Northeast Asian airlines is large in North America but small in India, while Southeast Asian airlines are small in North America but large in India. Cathay Pacific, and to a lesser extent All Nippon Airways, are in the strategic sweet spot, relatively. Growing China-India relations could result in Chinese airlines playing a larger role in this market. The different transit regions available mean that there is competition between partnerships and joint ventures. These pressures could grow as the Indian market continues expanding.