Wednesday, March 29, 2017

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Lion Air also Eyeing Myanmar and Vietnam Joint Ventures

GBS - Lion Airlines (JT, Jakarta Soekarno-Hatta International (CGK)) is now also considering setting up partnerships in Myanmar and Vietnam as strong growth in the Asia-Pacific region continues to spur demand for cost-effective air travel.

Using its order for 234 Airbus Industrie (AIB, Toulouse Blagnac (TLS)) and 230 Boeing (BOE, Chicago O'Hare International (ORD)) narrow body aircraft - part of the carrier’s plans to acquire 1’000 aircraft over the coming 10 years - Lion is looking to penetrate the so-far "underserved markets" of Vietnam and Myanmar, while at the same time, considering a push into Thailand and the Australian domestic market, where it will challenge the 65% market share of Qantas (QF, Sydney Kingsford Smith (SYD)).

Source ch-aviation.ch

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