The Kuala Lumpur-Singapore traffic could increase to the extent of challenging the likes of Sydney-Melbourne and Barcelona-Madrid routes
THE liberalisation of the Kuala Lumpur-Singapore sector could see it becoming one of the world's busiest air routes alongside Sydney-Melbourne and Barcelona-Madrid. Tiger Aviation Pte Ltd group chief executive officer and president Tony Davis said the entry of more players could see the Kuala Lumpur-Singapore traffic increasing to the extent that it rivals the likes of trunk routes like Sydney-Melbourne. "Its development was restricted before due to the monopoly by Singapore Airlines (SIA) and Malaysia Airlines, but now it could enter the top 10 ranking of global markets," he said.
In September last year, Barcelona-Madrid was cited the world's busiest air passenger route with 971 flights a week. Other high-density routes include Sydney-Melbourne. Davis said the Kuala Lumpur-Singapore route was important for Tiger Airways as it expected travel between the two countries to accelerate. "The route will remain profitable (to Tiger Airways)," he said. Tiger Airways, a budget carrier 49 per cent owned by SIA, is increasing its daily frequencies to five times a day from this month. It will mount flights next to Kota Kinabalu from Singapore in March next year, after launching its Singapore-Kuching flights last month. "We are getting more and more requests to fly to Peninsular Malaysia, in particular Penang, and we definitely see potential there (in Malaysia)," Davis said.
He added that Malaysia stood to benefit from the current problems in Thailand as travellers, put off by the situation in that country, might well opt to holiday in neighbouring destinations instead. On Tiger Airways' network expansion, Davis said it would push ahead with plans to increase capacity. It is eyeing 40-60 per cent capacity growth next year. Tiger Aviation announced last week group profit of S$9.9 million (RM24 million) for the financial year ended March 31 2008. As an unlisted entity, Tiger Aviation does not need to reveal its profit numbers. Tiger Aviation posted 59 per cent gross revenue growth in the quarter ended September 30 2008. The number of passengers it carried was 58.8 per cent higher, while capacity rose 61.8 per cent. Other Tiger Aviation Group shareholders include Indigo Partners LLC (24 per cent stake), the investment firm founded by Bill Franke; Irelandia Investments Ltd (16 per cent), the private investment arm of Tony Ryan and family; and Temasek Holdings Pte Ltd (11 per cent).
THE liberalisation of the Kuala Lumpur-Singapore sector could see it becoming one of the world's busiest air routes alongside Sydney-Melbourne and Barcelona-Madrid. Tiger Aviation Pte Ltd group chief executive officer and president Tony Davis said the entry of more players could see the Kuala Lumpur-Singapore traffic increasing to the extent that it rivals the likes of trunk routes like Sydney-Melbourne. "Its development was restricted before due to the monopoly by Singapore Airlines (SIA) and Malaysia Airlines, but now it could enter the top 10 ranking of global markets," he said.
In September last year, Barcelona-Madrid was cited the world's busiest air passenger route with 971 flights a week. Other high-density routes include Sydney-Melbourne. Davis said the Kuala Lumpur-Singapore route was important for Tiger Airways as it expected travel between the two countries to accelerate. "The route will remain profitable (to Tiger Airways)," he said. Tiger Airways, a budget carrier 49 per cent owned by SIA, is increasing its daily frequencies to five times a day from this month. It will mount flights next to Kota Kinabalu from Singapore in March next year, after launching its Singapore-Kuching flights last month. "We are getting more and more requests to fly to Peninsular Malaysia, in particular Penang, and we definitely see potential there (in Malaysia)," Davis said.
He added that Malaysia stood to benefit from the current problems in Thailand as travellers, put off by the situation in that country, might well opt to holiday in neighbouring destinations instead. On Tiger Airways' network expansion, Davis said it would push ahead with plans to increase capacity. It is eyeing 40-60 per cent capacity growth next year. Tiger Aviation announced last week group profit of S$9.9 million (RM24 million) for the financial year ended March 31 2008. As an unlisted entity, Tiger Aviation does not need to reveal its profit numbers. Tiger Aviation posted 59 per cent gross revenue growth in the quarter ended September 30 2008. The number of passengers it carried was 58.8 per cent higher, while capacity rose 61.8 per cent. Other Tiger Aviation Group shareholders include Indigo Partners LLC (24 per cent stake), the investment firm founded by Bill Franke; Irelandia Investments Ltd (16 per cent), the private investment arm of Tony Ryan and family; and Temasek Holdings Pte Ltd (11 per cent).
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