Qantas Group confirmed it is currently reviewing its 46% stake in Air Pacific and is in talks with the Fijian Government over the possibility of selling its stake (The Australian, 09-Sep-09). The possible sale comes as the Group plans to launch Jetstar services to Fiji and focus on its core business amid the global financial downturn. Qantas stated it has developed a plan with the government for the sale, but still needs to make an agreement on valuation procedures, including a continuation of commercial agreements between Qantas and Air Pacific.
Qantas Group currently reviewing 46% stake in Air Pacific
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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.
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.