Monday, May 29, 2017

Malindo Air bullish on Asia, not slowing down

KUALA LUMPUR: Malindo Airways Sdn Bhd is bullish on the growth potential of Asia’s aviation market and is not scaling back its breakneck pace of expansion even as its full-service counterparts such as Malaysia Airlines Bhd, Singapore Airlines Ltd and Cathay Pacific Airways Ltd have voiced concerns about industry overcapacity.
Its chief executive officer Chandran Rama Muthy said the carrier will take delivery of seven new aircraft this year, including four Boeing 737 MAX 8s. However, he declined to disclose the aircraft type of the other three planes.
“This year the domestic aviation industry is still looking at a 6% to 8% growth and so, prospects are good. The seven new aircraft will bring our system-wide seat capacity to 11 million and we are targeting to carry eight million passengers in 2017,” he told reporters in Singapore yesterday after a welcoming ceremony to celebrate Malindo Air being the first airline to take delivery and operate the 737 MAX 8.
 http://www.theedgemarkets.com/article/malindo-air-bullish-asia-not-slowing-down

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