AVIATION - SEAIR to posts P1-billion this year

Business.balita.ph, December 06 2006

Business South East Asian Airlines (SEAIR) will post at least P1-billion this year, from P600-million in 2005.

Avelino L. Zapanta, newly appointed President and CEO of SeAir, said that the company has grown exponentially to more than 10 times its initial revenue output since it started commercially 10 years ago.

”SeAir will continue to pump additional investments for its long-term plans. The field of opportunity for expansion has widened with the inevitable push for greater liberalization of the aviation industry, emergences of new breed and models of airlines, coupled with the potential for greater growth of tourism in the country,” Zapanta said.

Pushed by a market-driven business demanding additional aircraft, flights and destinations, the company will buy two Airbus A320 from Tiger Airways within the first quarter of 2007.

The planes are se to operate in domestic and regional routes as soon as the Civil Aeronautics Board (CAB) grants the necessary regulatory approvals,” Zapanta said.

”SeAir is in an eviable position of operating a fleet of modernad cost efficient aircraft. It has the most modern fleet in the jetcrop industry,” he added.

Aside from the local expansion, SeAir si positioning itself to enter the international market such as Singapore and Macau from Clark and other destinations after its appointment as one of the official carriers for the Brunei-Indonesia-Malaysia-Philippines-East Asian Growth Area (BIMP-EAGA) region.

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