Lion Air general director Edward Sirait confirmed Malindo Airways is scheduled to launch operations from Mar-2013, according to a indo-aviation.com report. The carrier is 49% owned by Lion Air, with the majority shareholding held by Malaysia’s National Aerospace & Defence Industries (NADI). The carrier will be based in Malaysia and plans to have a fleet of 10 Boeing 737s in operation by the end of 2013.
Malindo Airways to launch service in Mar-2013
You may also be interested in the following articles...
Lufthansa Group-Singapore Airlines JV Part 2: Lufthansa targets Indonesia with JV, Garuda interline
Lufthansa Group is aiming to increase sales in Indonesia through a new codeshare with Singapore Airlines (SIA) and SilkAir, along with a new interline with Garuda Indonesia. Lufthansa suspended one-stop services from Frankfurt to Jakarta in late 2015, but should be able to serve the fast-growing Indonesian market better through partnerships.
Indonesia is one of eight markets covered under the new joint venture between Lufthansa and Singapore Airlines. However, Lufthansa does not want to rely entirely on the JV to cover Indonesia and has just implemented a new special prorate agreement with Garuda.
Indonesia is Lufthansa’s second largest offline market in Southeast Asia after Malaysia. Lufthansa is also using the new JV with SIA to cover Malaysia, as it dropped services to Kuala Lumpur in early 2016.
Southeast Asia LCC fleet expansion to reaccelerate in 2017 after rare single digit growth in 2016
Southeast Asia’s low cost airline fleet grew by only 7% in 2016, representing the slowest growth in several years. The region’s two main groups, AirAsia and Lion, both slowed their growth significantly, with AirAsia slightly reducing its Southeast Asian fleet in 2016.
Southeast Asian LCCs ended 2016 with a fleet of 623 aircraft – up a modest 41 aircraft compared to the beginning of the year. The same group of 21 airlines added 67 aircraft in 2015 and 61 aircraft in 2014.
Several airlines responded to overcapacity, which peaked in 2014 following a period of overzealous capacity expansion, by deferring aircraft deliveries. Overcapacity continues to persist in several Southeast Asian markets, but some LCCs are reaccelerating expansion in 2017. Given the sector’s huge order book it is likely 2016 will represent the low point in Southeast Asian LCC fleet growth.