SkyJet Airlines, the Philippines' newest full service airline, plans to launch operations from Manila Ninoy Aquino International Airport in 3Q2012 once it receives its Air Operator’s Certificate (AOC) from the Civil Aviation Authority of the Philippines (CAAP), according to a Manila Bulletin report. The airline also plans to operate from Clark International Airport. SkyJet director for flight operations Tony Buendia said the company is “confident that the agency will soon release our AOC” as the airline plans to operate “to underserved and unserved destinations with great tourism potential”. Philippines Civil Aeronautics Board (CAB) recently issued a temporary operating permit (TOP) to the airline’s parent company, Magnum Air, to operate to different destinations within the country. SkyJet plans to operate 94-seat BAe 146-200 aircraft which will allow it to operate to smaller airports with unpaved runways.
SkyJet to operate to underserved and unserved areas in the Philippines
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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.
Southeast Asia Fleet Outlook:
Southeast Asia, along with the Middle East, are the only two regions with as nearly as many aircraft on order as in the active fleet. Southeast Asian airlines currently have nearly 1700 aircraft on order compared to an active fleet of approximately 1800 aircraft.