Jetstar Pacific to complete fleet upgrade in Nov-2009; add two A320s
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Jetstar Pacific 2017 outlook: third consecutive year of 40% growth as 10 A320ceos are delivered
Vietnam’s Jetstar Pacific is planning more rapid expansion in 2017 as it takes delivery of 10 A320ceos that were ordered in 2016. The Vietnam Airlines-Qantas joint venture intends to use the 10 aircraft for a mix of growth and replacements for wet leased aircraft.
The LCC has grown rapidly since its two shareholders decided to accelerate expansion in 2014, a strategically critical move for the Vietnam Airlines Group given the rapid growth of the Vietnamese privately owned LCC VietJet. Jetstar Pacific achieved passenger growth of approximately 40% in 2015 and 2016 – and expects similar growth in 2017.
Jetstar Pacific is mainly a domestic airline but has started to focus more on the more profitable international market. Further international expansion is expected in 2017, with several new scheduled and charter flights using the additional A320s. Meanwhile new Australia-Ho Chi Minh flights from sister LCC Jetstar Airways will provide an opportunity to further grow interline and codeshare traffic.
Global commercial aircraft deliveries fell in 2016 as Boeing again outsold Airbus; 2017 to be a peak
The global commercial aircraft fleet grew by 4% in 2016 and the year ended with an order backlog of more than nine years of production. Among the regions, North America still has the biggest and oldest fleet, but the lowest ratio of orders to aircraft in service. By contrast, Middle East has the fewest in service, but the highest ratio of orders to current fleet numbers.
This report gives an overview of the number of commercial aircraft deliveries in 2016 and the outlook into 2017 and beyond. It also looks at numbers in service and on order by region. It is based on preliminary numbers from the CAPA Fleet Database and guidance on 2016 deliveries from Airbus and Boeing, who have yet to announce final numbers.
The data indicate that total worldwide deliveries fell in 2016, the first such decline for six years, as a result of delays to new aircraft programmes. Boeing delivered more aircraft than Airbus for the fifth straight year, but its deliveries fell short of its 2015 level, while Airbus increased its numbers year-on-year. Total deliveries will likely rise again in 2017, but this may prove to be a peak year.