Scoot GM Australia Darren Wright, speaking at the CAPA Australia Pacific Aviation Summit, stated (07-Aug-2013) that as an Asian carrier it welcomes any opening of the skies in the region. ASEAN hopes to achieve a single aviation market for the region by 2015, allowing unlimited operations between the capital cities of each country. However, ASEAN's agreements do not free up domestic operations, which remain reserved for local airlines.
Scoot welcomes moves towards ASEAN open skies
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Southeast Asia aviation outlook: passenger growth accelerates, led by Vietnam, Myanmar and Malaysia
Southeast Asia’s aviation market recorded healthy growth in 2016, with passenger traffic expanding faster than the global average across nearly every country in the region. Six of Southeast Asia’s 10 countries had growth in or near the double digits, led by Vietnam and Myanmar. Seven countries had growth equal to, or higher than, in 2015.
Southeast Asia should continue to experience rapid growth in 2017 and beyond. Vietnam and Myanmar will likely again lead the pack in 2017, joined by Malaysia. The Philippines should experience growth of approximately 10% for the third consecutive year, also putting it towards the top of the pack.
However, overcapacity remains a long term concern, pressuring yields and profitability. The average profit margin of the Southeast Asian airline sector significantly lagged the global average in 2016, and this trend will likely continue in 2017.
Singapore Changi Airport: China visitor numbers reinvigorate passenger growth
Singapore recorded the fastest growth in four years in 2016, driven by a surge in visitor numbers from China. The China-Singapore market grew by 15%, while total traffic at Changi Airport grew by 6%.
Changi should experience similar growth in 2017 as the airport makes final preparations for the new fourth terminal, which is slated to open in 2H2017. Inbound traffic from China will again drive a large portion of the growth in 2017, but Changi is also expecting growth in the emerging LCC transit segment.
Scoot is Singapore’s fastest growing airline and is extending its network to Europe in 2017. Changi may also attract new European routes from other airlines, but regional capacity expansion within Asia will again drive most of the growth.