Seair International is in talks with potential partners as it seeks to launch long-haul services in the future to the US, Middle East and Europe, according to reports by Rappler.com and Business Mirror. One of the airline’s owners, Nick Gitsis, said, “For our international component, we are looking for the right opportunity to fly there. But it's not going to happen tomorrow. Let’s see in a couple of years. That’s what we intend to do.” Seair International is a spin-off unit of Seair and plans to take over Seair’s smaller routes which are unserved by larger airlines in the Philippines. The airline is awaiting the issuance of its Air Operator’s Certificate (AOC) before its launch in 4Q2012.
Seair International looking to launch long-haul routes in the future
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On the North Atlantic, always important for the profitability of Europe's leading legacy airlines, growth will be faster than its 10 year trend, but it will at least be a little slower than in the past summer. The loss of market share from the immunised North Atlantic JVs to newer and smaller competitors, including LCCs, is set to continue. As ever, the OAG capacity data provide a window into the changing structure of the airline markets from Europe.
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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.