Tiger Airways is reportedly considering launching an IPO of at least USD500 million, or 20% of its share capital, in 2010, to fund expansion plans in Australia and purchase new aircraft (Dow Jones, 19-Nov-2009).
Tiger Airways considering launching IPO
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SilkAir 2017 outlook: needs to rebrand as 737 MAX arrives amid challenging conditions
SilkAir is approaching an important juncture in 2017, with potential strategic ramifications for the Singapore Airlines (SIA) Group, as the full service airline subsidiary takes delivery of its first 737 MAX aircraft. SilkAir has grown by approximately 30% since taking its first 737NG aircraft three years ago, but has not expanded as rapidly as initially planned.
The 737 MAX aircraft could usher in a new phase of faster growth. SilkAir will be able to use the improved range of the MAX to open new longer range routes and take over more flights from the parent airline, accelerating a trend which has emerged over the past several years.
However, as SilkAir continues to expand and starts operating alongside SIA in more markets, it will need to review its product and commercial strategy. With the MAX, SilkAir has the opportunity to improve its product and close the gap with SIA mainline. Closer integration with SIA and a rebranding should be considered.
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.