Jetstar CEO Bruce Buchanan stated the airline is “in the final stages” of negotiations with more than one Asian carrier to launch an LCC joint venture, with a geographic focus on North Asia (Australian Financial Review, 28-Jan-2011). Targetted regions include Japan, South Korea and China, where LCC penetration remains relatively low. Mr Buchanan stated talks with JAL for the launch of an LCC JV were “progressing”, although he added “things in Japan take some time”. Mr Buchanan added that possible higher terminal charges at Singapore Changi and congestion at the airport, causing longer turnaround times, is expediting efforts to look for another hub in Asia.
Jetstar targets North Asian JV
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Norwegian overtakes Scoot as second largest long haul LCC after AirAsia X: long haul low cost Part 3
In 3Q2017 Norwegian will overtake Singapore’s Scoot to become the world’s second largest long haul low cost airline after Malaysia’s AirAsia X. Ironically Norwegian’s new route from London Gatwick to Singapore will help propel it into the number two position.
Gatwick-Singapore is one of 20 new long haul routes being launched by Norwegian over the next five months, giving the LCC group 48 long haul routes. Norwegian will have more long haul routes at the end of 3Q2017 than both AirAsia X and Scoot, but AirAsia X will still have significantly more capacity.
Long haul low cost operations now account for less than 0.5% of total global seat capacity, but the sector is expanding fast and starting to become more mainstream. This summer there will be more than 160 long haul low cost routes operated by 16 airlines.
The CAPA airline fleet quiz: 15 challenging questions. CAPA Summit Singapore 2/3 March
Test your knowledge of the global aircraft fleet with this CAPA Quiz. If you have access to the comprehensive CAPA Fleet Database, it should be a breeeeze.
Rank your result:
15/15 = Outstanding! – you should set up your very own aircraft leasing company.
13-14/15 = Excellent – your colleagues should say the word ‘wiki…’ in front of your first name around the office.
10-12/15 = Very good – someone should shout you several drinks at the next air finance gathering.
9 or below/15 = Time to brush up – you need to sign up for CAPA's Fleet Database immediately.
Visit http://capaevents.com/AFFS17 for the answers