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ASY-2012-07 - 1ST A330-200
ASY-2013-03 - WITH ETIHAD TO HONG KONG
ASY-2014-10 - ETIHAD AIRWAYS PARTNERS
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FORMED IN 1977 AND STARTED OPERATIONS IN 1978. FORMERLY SEYCHELLES AIRLINES FOLLOWING THE AMALGAMATION OF AIR MAHE AND INTER ISLAND AIRWAYS. NATIONAL AIRLINE. DOMESTIC & INTERNATIONAL, SCHEDULED & CHARTER, PASSENGER & CARGO, JET AIRPLANE SERVICES.
PO BOX 386
THE CREOLE SPIRIT
VICTORIA, MAHE, SEYCHELLES
SEYCHELLES (REPUBLIC OF SEYCHELLES) WAS ESTABLISHED IN 1976 AND COVERS AN AREA OF 280 SQ KM. ITS POPULATION IS .1 MILLION, AND ITS CAPITAL CITY IS VICTORIA. THE OFFICIAL LANGUAGES ARE ENGLISH AND CREOLE.
The Seychelles form an archipelago of 115 islands scattered across an area of 154,441 square miles/400,000 sq km in the Indian Ocean, some 480 miles/1,600 km off the east coast of Africa. They spent 160 years under British rule before gaining independence on June 29, 1976. During the early years of self-governance, the people of the Republic of Seychelles endured a period of instability, a bloodless coup in 1977, an army mutiny in 1982, and several more failed coup attempts before multi-party politics returned in the early 1990s. Since then, the islands have become one of the world's top holiday destinations.
NOVEMBER 1983: AIR SEYCHELLES (ASY) SIGNED A YEAR-LONG CHARTER AGREEMENT WITH BRITISH CALEDONIAN AIRWAYS (CAW) FOR 1 DC-10-30 AND LAUNCHED ITS INAUGURAL INTERNATIONAL SERVICE TO LONDON GATWICK VIA FRANKFURT.
NOVEMBER 1984: AIR SEYCHELLES (ASY) RETURNED DC-10-30 TO BRITISH CALEDONIAN AIRWAYS (CAW) AND LEASED ANOTHER DC-10-30 FROM MARTINAIR (MTH).
APRIL 1989: 2 707-324C'S OBTAINED FROM VARIG AIRLINES (VAR). OPENED A CREW BASE (FC) IN LONDON TO SUPPORT ITS FLIGHTS.
JUNE 1989: DIRECT FLIGHTS TO PARIS AND ROME WITH A 767-200ER, (ILFC) (ILF) LEASED, 208-PASSENGERS. STARTED WEEKLY FLIGHTS TO JOHANNESBURG AND SINGAPORE.
MARCH 1993: LAUNCHED SERVICES TO MADRID, NAIROBI, DUBAI, AND BOMBAY (NOW MUMBAI).
757-200, (ILF) LEASED.
JANUARY 1994: TO MUMBAI, PRASLIN ISLAND, FRANKFURT, ZURICH, PARIS, SINGAPORE, JOHANNESBURG, LONDON GATWICK, DUBAI, ROME, MAURITIUS, AND NAIROBI.
MAINTENANCE SWITCHED FROM BRITISH AIRWAYS (BAB) TO (GAMCO) (GUL), ABU DHABI, WITH (BAB) STILL DOING ENGINEERING & TECHNICAL CONTROL.
SEPTEMBER 1995: 415 EMPLOYEES (INCLUDING 102 FLIGHT CREW (FC) & 70 MAINTENANCE TECHNICIANS (MT).
DECEMBER 1995: NEW ROUTE TO TEL AVIV (767).
JANUARY 1996: 1995 = -2.4% (RPK) TRAFFIC, +2.4% PASSENGERS (PAX), -32.4% (FTK) FREIGHT TRAFFIC.
+1 ORDER (DECEMBER 1996) 767-300ER (S7-AHM "VALLEE DE MALI"), (ILF) LEASED, TO REPLACE 1 757-200 (ILF) LEASED. PREVIOUSLY ACQUIRED 1 767-200ER, (ILF) LEASED, IN JULY 1989.
JULY 1997: 70 767 120 MINUTES EXTENDED TWIN-ENGINE OPERATIONS (ETOPS) FLIGHTS/MONTH OVER INDIAN OCEAN AND AFRICA.
APRIL 1998: 415 EMPLOYEES (INCLUDING 102 FLIGHT CREW (FC) & 70 MAINTENANCE TECHNICIANS (MT)).
OCTOBER 1998: FISCAL YEAR (FY) 1997 = -$6.83 MILLION. 1ST 6 MONTHS = 380 MILLION (RPK) (+7.7%) TRAFFIC; 57.9% LF (+5) LOAD FACTOR, 9.19 MILLION (FTK) (-19.7%) FREIGHT TRAFFIC, 184,000 PASSENGERS (PAX) (-2.1%).
APRIL 1999: 550 EMPLOYEES. SITA: SEZZZHM.
NOVEMBER 1999: 1 ORDER (APRIL 2002) 767-300ER (29386), (ILF) 10 YEAR LEASED .
APRIL 2000: 550 EMPLOYEES (INCLUDING 46 FLIGHT CREW (FC), 113 CABIN ATTENDANTS (CA), & 12 MAINTENANCE TECHNICIANS (MT)).
737-700 TO BE USED FOR SERVICE TO NAIROBI, JOHANNESBURG, DUBAI, AND MUMBAI.
1 ORDER (NOVEMBER 2001) 737-7Q8, (ILF) LEASED. 767-33AER (25535, VH-NOE), NORDSTRESS WET-LEASED FOR 1 MONTH.
JULY 2000: 1999 = +$1.33 MILLION (+$5.47 MILLION): 735 MILLION (RPK) (-2.5%); 63% LF LOAD FACTOR; 19.66 MILLION (FTK) FREIGHT TRAFFIC (+14.9%); 347,000 PASSENGERS (PAX) (-6%); 579 EMPLOYEES.
NOVEMBER 2000: 767-33A (25535), RETURNED TO (AWW), LEASED TO AVIANCA (AVI).
APRIL 2001: 1 767-3Q8ER (29386, S7-ASY "ALDABRA"), (ILF) LEASED, 244 PAX.
MAY 2001: 767-2Q8ER (24448), RETURNED TO (ILF).
NOVEMBER 2001: 1ST 737-7Q8, (ILF) 4 YEAR LEASED, WITH MAINTENANCE BY SOUTH AFRICAN AIRWAYS (SAA). SERVICES TO INDIA, THE MALDIVES, AND THE COMORES ISLANDS.
JANUARY 2002: TO MUMBAI, VIA MALE (WEEKLY).
MARCH 2002: 640 EMPLOYEES.
July 2002: 2001 = +$1.27 million.
October 2002: 1 SD3-60 (300) (SH3758, S7-PAL), (BAX) leased.
January 2003: In March 2003, Mahe to London Heathrow (LHR) (2x-weekly).
April 2003: 5-year maintenance engineering contract to Britannia Airways (BRI) to provide maintenance support for Air Seychelles (ASY) 767-300's starting with major annual maintenance in June 2003.
August 2003: 1 An-12 leased for cargo flights to Kenya and South Africa.
September 2003: 2002 = 969 million (RPK) traffic (+1.4%); 400,000 passengers (PAX) (+141.8%).
2002 TOP WORLD AIRLINES PASSENGER TRAFFIC (RPK) (MILLION):
206 (CRH) 983; 207 (NOD) 972; 208 (JAT) 972; 209 (ASY) 969; 210 (GHN) 942; 211 (TRANS STATES A/L) 861M; 212 (SAS) COMMUTER) 854M; 213 (PORTUGALIA) 827; 214 (ADR) 794; 215 (PIE) 789; 216 (MIB) 771.
October 2003: In November 2003, to re-position from Munich to Frankfurt for its flight to Mahe (767-300ER, weekly nonstop).
July 2004: Fiscal year (FY) 2003 = +SCR 4 million/+$780,000 (+SCR 10 million).
September 2004: 654 employees.
May 2005: 737-7Q8 (30737, S7-SEZ), returned to (ILF), leased to Air Sahara (SAQ).
January 2006: Letter of Intent (LOI) to purchase a 2nd Shorts 360 airplane from BAC Leasing, UK.
February 2006: Air Seychelles (ASY) signed a 5-year contract with Unitpools to outsource unit load device (ULD) control operations and join a (ULD) pool.
Shorts 360-100 (3724, S7-PRI), (BAC) Leasing leased.
April 2006: Air Seychelles (ASY) signed a letter of intent with (ILFC) (ILF) to replace its 2 767-300ERs with 2 787-800s (35307; 35309) for delivery from May 2010. The lease terms are for 12 years each.
Air Seychelles Chairman & Chief Executive, Captain David Savy (firstname.lastname@example.org) has said: "Our choice of the 787-800 Dreamliner is based primarily on the operational savings it brings especially in terms of fuel efficiency and lower maintenance costs. This airplane was also designed with people in mind. This combination is a sure winner. The 787 Dreamliners will offer un-rivaled levels of comfort and in-flight amenities, whereby our passengers will now experience a high class product with wider space in economy class and lie-flat seats in business class. Serious consideration was also given to the fact that Air Seychelles (ASY) is a high end destination, which means that we need to retain a young and modern fleet. Our clientele are discerning and expect the best. The 787 Dreamliner has had the most successful program launch in Boeing’s history with the 1st airplane scheduled to enter commercial service in 2008. Boeing (TBC) currently has a total of 385 orders of this new airplane worldwide. The 787 is a family of airplanes carrying between 200 to 300 passengers and is a natural successor to the very successful 767-300. The airplane also flies faster (the speed of the 747 and 777). This airplane will be the most eco-friendly airplane in its class! Passengers can expect superior products as the latest technology is being incorporated to help people feel better during and after a long flight. The 787 Dreamliner will provide higher humidity levels in the cabin, a lower cabin altitude, state of the art acoustics, innovative lighting, wider seats and aisles, bigger overhead bins and larger windows greatly improving the overall flying experience. State of the art entertainment will be offered with each individual seats having their own monitor. The airplane will be e-enabled for total connectivity. This airplane will be the most eco-friendly airplane in its class, which pleases us immensely as Seychelles is possibly the most eco-friendly islands of the world with some 48% of its territory declared reserves.
December 2006: Air Seychelles (ASY) selected the (GEnx) to power the 2 787-8s it leased from (ILFC) (ILF) in April for delivery in 2010. The deal includes a 10-year OnPoint Solutions agreement worth >$25 million.
November 2007: Received its (IATA) (ITA) Operational Safety Audit (IOSA) approval, demonstrating its competence in air safety management.
December 2007: A J Walter Aviation (AJW) signed a "power-by-the-hour" agreement with Air Seychelles (ASY) covering 3 767s. The deal is for 2 years, plus a 1-year option.
New route to Bangkok, Thailand.
767-204ER (24013, S7-EXL "La Belle Creole"), XL Airways (SBE) leased.
June 2008: Terminates route to Bangkok and instead develops Singapore as Air Seychelles (ASY)'s principal SE Asian flights.
August 2008: 767-205ER (23057, S7-ILF), ex-MaxJet (MXJ), ex-(N260MY), (ILF) leased.
October 2008: As the national airline of the Seychelles, Air Seychelles (ASY) provides inter-island schedules together with international flights serving Johannesburg, London, Mauritius, Rome, and Singapore. Frankfurt and Paris are also served via code shares.
Employees = 663 (including 50 Flight Crew (FC); 117 Cabin Attendants (CA); & 91 Maintenance Technicians (MT)).
(IATA) Code: HM - 061. (ICAO) Code: SEY (Callsign - SEYCHELLES).
Parent organization/shareholders: Seychelles government (100%).
Alliances: Air Austral (AUX); Air France (AFA); Air Mauritius (MAU); & Condor Flugdienst (CDF).
Main Base: Mahe Seychelles International airport (SEZ).
Domestic, Scheduled Destinations: Mahe Island; & Praslin Island.
International, Scheduled Destinations: Frankfurt; Johannesburg; London; Maldives; Mauritius; Milan; Mumbai; Paris; Rome; & Singapore.
February 2009: 1 767-219ER (24150, S7-SEZ), (ILF) 5 year leased.
May 2009: Air Seychelles (ASY) took delivery of a 2nd 767-200ER leased from (ILFC) (ILF).
July 2009: Air Seychelles (ASY) took delivery of its 5th 767, a (GE)-powered, 220-seat 767-300ER on lease from (ILFC) (ILF). Executive Chairman, David Savy said the airplane "will primarily be a backup airplane to our fleet, and also will assist during heavy maintenance checks of other airplanes so as to avoid costly leases. In the eventuality of opening up new routes, it will be able to assist and also add capacity when needed in peak times."
September 2009: (ILFC) (ILF) announced a lease deal for 1 used 767-300ER to Air Seychelles (ASY) for 3 years.
August 2010: Air Seychelles (ASY) will launch a weekly, Mahe to Chennay to Singapore service on November 1 aboard a 767-200.
December 2010: DHC-6-400 Twin Otter (846) delivery, ex-(C-GLVA).
January 2011: As the national airline of the Seychelles, Air Seychelles (ASY) provides inter-island schedules together with international flights serving Johannesburg, London, Mauritius, Milan, Rome, and Singapore. Frankfurt, Paris, and Zurich are also served, some via code shares.
Employees = 810.
(IATA) Code: HM - 061. (ICAO) Code: SEY (Callsign - SEYCHELLES).
Parent organization/shareholders: Seychelles government (100%).
Alliances: Air France (AFA).
Main Base: Mahe Seychelles International airport (SEZ).
Domestic, Scheduled Destinations: Mahe Island; & Praslin Island.
International, Scheduled Destinations: Frankfurt; Johannesburg; London; Maldives; Mauritius; Milan; Mumbai; Paris; Rome; Singapore; & Zurich.
September 2011: Air Seychelles (ASY) appointed Bram Steller as (CEO). Steller previously served as (COO) of Kenya Airways (KEN) since 2008 and was in charge of flight operations, ground operations, technical, commercial and network planning, revenue management, operations control and cargo. He has extensive experience in airline operations particularly in Africa, the Middle East and Asia, including being Managing Director of Trans Maldivian Airways in the Maldives, as well as VP for (KLM) for the Middle East, Central & S Asia. At (ASY) he will be assisted by Garry Albert Deputy (CEO).
December 2011: Air Seychelles (ASY)) will slash all its remaining European routes as demand weakens and competition increases.
According to (CEO) Bram Steller, the European economic crisis—coupled with tough competition from the Middle East, has led (ASY) to shut down its long-haul operations.
(ASY) will stop flights from Mahe to Rome Fiumicino, Milan Malpensa as well London Heathrow from January 8. Services to Paris Charles de Gaulle will be reduced from 5x- to 3x-weekly from January and will stop completely by March 25. (ASY) stopped flights to Singapore on November 24.
(ASY)’s 3 remaining 767-300ERs will be returned to the International Lease Finance Corporation (ILFC). It returned 2 767-200s to (ILFC) in October and November.
(ASY) said it will focus on regional services and plans to sign a cooperation with Etihad Airways (EHD) on services to Abu Dhabi (AUH). (ASY) is considering operating a 737-800 for the remaining routes within the region, as well to (AUH) for connecting services to Europe. It is unclear if (ASY) will keep its order for 2 787-8s based on a 2006 contract with (ILFC) (ILF).
January 2012: Etihad Airways (EHD) will acquire a 40% stake in Air Seychelles (ASY) for $20 million as part of a strategic partnership alliance initiative between the 2 airlines. The alliance includes a code share agreement, the integration of the carriers’ frequent flyer programs and a five-year management contract for (EHD).
Under the terms, the Seychelles government will inject $20 million into (ASY). (EHD) will also provide a shareholders’ loan of $25 million to meet working capital requirements and support network development. (EHD) will increase frequencies between Abu Dhabi and Mahe from 4x-weekly to daily.
“This is a game-changing strategic partnership for us, establishing Air Seychelles (ASY) on a sustainable growth trajectory and offering a realistic way forward for long-term commercial growth,” said Seychelles Minister of Home Affairs, Environment, Transport & Energy, Joel Morgan. “The aviation industry is under enormous pressure right now, with small airlines especially vulnerable to global economic instability and ongoing oil price volatility. In this context, consolidation offers the best possible solution for (ASY).”
(EHD) President & (CEO) James Hogan said the deal is “consistent with our approach to expansion, which relies on the strength of strategic partnerships across the globe. The investment in Air Seychelles (ASY) is a natural next step towards growing our operations in the increasingly important leisure markets of the Indian Ocean and Africa.”
The agreement is (EHD)’s 2nd equity investment, following its December 2011 announcement that it would increase its stake in Air Berlin (BER) to 29.21%. Competition authorities in Austria and Germany approved (EHD)’s investment in (BER) earlier this month.
9 African airlines have come together to purchase airplane fuel jointly, a move the carriers believe will increase their leverage and raise the value and quality of fuel being procured.
According to the African Airlines Association (AFRAA), the 9 airlines participating in the program include Kenya Airways (KEN), Ethiopian Airlines (ETH), Air Malawi (AML), Air Namibia (NAM), Air Seychelles (ASY), (LAM) Mozambique Airlines, Precision Air (PRT), Rwandair (RWA) and (TAAG) Angola Airlines (ANG).
The (AFRAA), which said more of its 32 members could join the program in the future, stated that the joint fuel buying project "is aimed at attaining better and stable unit price of fuel for the participating airlines, assuring quality of the product and supply reliability whilst the relevant fuel suppliers will benefit from higher fuel volumes purchased by airlines. Other areas of focus include addressing the incidents of high taxes, charges and fees levied on fuel, especially in African airports, and lobbying stakeholders for the elimination of monopoly fuel suppliers at some airports."
The carriers will purchase about 700 million liters of fuel in aggregate annually valued at about $1.5 billion. Fuel purchasing contracts for this year have already been jointly negotiated by the 9 carriers, the (AFRAA) said. While negotiations are being conducted by the carriers on a joint basis, fuel contracting will still be done by individual airlines.
"The contracts implementation dates will vary, with some airlines starting to purchase fuel under the [jointly] negotiated terms in February 2012," the (AFRAA) stated. "All contracts will, however, end in December 2012 and [be] replaced by new contracts for a full calendar year in 2013 and subsequent years following another bidding, evaluation, negotiation and awarding process to be carried out [jointly by the carriers] during the course of this year."
February 2012: Air Seychelles (ASY) will receive 2 A330-200s from new shareholder, Etihad Airways (EHD) to replace its single remaining 767-300 that currently is used for its only international services to Abu Dhabi International (AUH), Johannesburg Oliver Reginald Tambo International (JNB) and Mauritius Sir Seewoosagur Ramgoolam International (MRU). It has also announced plans to increase frequencies on these 3 routes, most probably taking over all (EHD) flights between Abu Dhabi and Mahé, and to launch flights to Beijing Capital (PEK) in early 2013.
(ASY) has appointed Cramer Ball as (CEO) effective February 1. Ball was formerly Etihad Airways (EHD) Regional General Manager of Asia Pacific South & Australasia. The move follows the strategic partnership between (EHD) and the Seychelles government in which (EHD) will acquire a 40% stake in (ASY).
Former (EHD) Regional Finance Manager, Asia Pacific, Shelley Cole has been named (CFO).
April 2012: Air Seychelles (ASY) will retire its single 767-300ER (28884, S7-FCS) by the end of April and then use A320-200s and A330-200s wet-leased from parent Etihad Airways (EHD) for its routes from Mahé Seychelles International airport (SEZ) to Abu Dhabi International airport (AUH), Johannesburg Oliver Reginald Tambo International airport (JNB) and Mauritius Sir Seewoosagur Ramgoolam International airport (MRU) until it takes delivery of its own A330-200s next year.
March 2012: Air Seychelles (ASY) launched 2x-weekly services connecting its Mahe (SEZ) hub with Abu Dhabi (AUH) on March 12. 767-300 airplanes seating 246 passengers will be employed on the route. The move comes shortly after Etihad Airways (EHD) acquired a 40% stake in (ASY), and will further improve connectivity between the 2 hub airports. (EHD) is the only other airline to provide capacity on the route, on which it operates 4x-weekly frequencies with 136-seat A320s.
July 2012: Etihad Airways (EHD)'s interest in Air Seychelles (ASY), in which it has a 40% stake and a management contract, had enabled (EHD) to take on functions such as planning and training for (ASY).
Hogan sees this pattern as the way forward for many carriers: "The challenge for small airlines is that they can't afford overheads. We've proven with (ASY) that it can be a profitable operating unit and we would absorb the overheads that a small airline, moving forward, just can't maintain."
November 2012: Air Seychelles (ASY) is launching 3x-weekly flights to Hong Kong (HKG) via Abu Dhabi (AUH), firming up plans previously disclosed. (ASY) (CEO) Cramer Ball said (ASY) would launch services to China, via (AUH), in early 2013 using an ex-Jet Airways (JPL) A330.
Etihad Airways (EHD), which owns 40% of (ASY), has now confirmed that (ASY) will launch 3x-weekly flights between (AUH) and (HKG) in February 2013. (EHD) will code share on the (EAD) operated service, although it remains subject to regulatory approval.
“With our 40% equity stake in (ASY), it makes strong commercial sense for us to work together on opportunities where cooperation is possible. The resulting synergies bring about significant efficiency benefits for both (EHD) and (ASY),” (EHD) (CEO) James Hogan said.
December 2012: Etihad Airways (EHD) has acquired 70% of Air Berlin (BER)’s "topbonus" frequent flyer program (FFP) for €200 million/$263.7 million, further strengthening their partnership.
Last month, (BER) announced plans to spin off "topbonus," which has 3.1 million members. The (FFP) will be acquired by a new entity called topbonus Limited, which will be 30% owned by (BER) and 70% owned by (EHD). “The entity will become part of a new loyalty management company being established by (EHD). This company will allow (EHD) and its partners to target the fast-growing, profitable global loyalty management market more effectively.” (EHD) "Guest," which includes partner carrier, Air Seychelles (ASY)’s (FFP), will also cooperate with the new company. Combined, (EHD) Guest and topbonus have nearly 5 million members world wide.
(EHD) will fund the €200 million purchase price via a €50 million equity injection and €150 million in debt financing. Meanwhile, (BER) will benefit from improved liquidity and a strengthened balance sheet. “This deal helps us to financially restructure our business,” (BER) (CEO) Hartmut Mehdorn said. “Our annual result will improve significantly, as well as our liquidity and equity capital resources.”
(BER) and (EHD) joined forces a year ago. (BER) and (EHD) claim the partnership has fed >300,000 passengers into their networks and generated €100 million in revenues over the 12-month period.
The 2 carriers have also cooperated on procurement (fuel purchasing, ground handling, ground services, as well as 787 training, specifications and maintenance) which the airlines claim will deliver multi-million dollar savings. “Through revenues generated, and cost-saving initiatives, (EHD) has already recouped its initial investment of $105 million,” (EHD) (CEO) James Hogan said. “There is still a long way to go as the partnership develops, but these results show we’re on the right path.”
February 2013: Air Berlin (BER) and Air Seychelles (ASY) have reached a code share agreement, further tightening the bonds between Etihad Airways (EHD)’s strategic equity alliance partners. Under the agreement, passengers will be allowed to fly between Germany and the Indian Ocean archipelago connecting through (EHD)’s Abu Dhabi base.
(EHD) holds a 40% stake in (ASY) and 29.21% of (BER).
(ASY) will place its HM code on 4 of (BER)’s daily return services between Abu Dhabi and Berlin and Düsseldorf. The 4x-weekly connections to Germany complement (ASY)’s existing 26x-weekly code share connections with (EHD) to Frankfurt, Munich and Düsseldorf.
(BER) will initially place its AB code on 4 of (ASY)’s weekly return flights to Abu Dhabi from the Seychelles, complementing the German carrier’s existing 4 code share connections to Seychelles with (EHD) providing passengers a daily connection from Germany to Mahé.
The number of flights between Germany and the Seychelles will increase to 54x-weekly when (EHD) and (ASY)’s schedules begin March 24.
Subject to regulatory approval, the airlines plan to expand the scope of the agreement to include more destinations on their respective networks and implement frequent flyer program reciprocity.
March 2013: Air Seychelles (ASY) has recorded a 2012 net profit of +$1 million, fulfilling its prediction it would breakeven after 3 years of heavy losses. Airline officials credited much of the turnaround to the strategic link created last year with Abu Dhabi’s Etihad Airways (EHD), which took a 40% stake in (ASY) and embarked on a 5-year management contract at (ASY).
(ASY) extended its existing service from Mahé to Abu Dhabi (AUH), which it launched in March last year, with 3x-weekly flights from the (UAE) airport to Hong Kong (HKG). Flights on the 6,000 km route commenced on March 24 and are operated using an A330-200 in competition with Cathay Pacific (CAT)’s 2x-weekly departures. Air Seychelles (ASY)’s entry into the market also brings benefits to its business partner, Etihad (EHD), which is the only Middle East Big 3 (MEB3) carrier to stay clear of the Asian financial center.
(ASY)’s (CEO) Cramer Ball; and Etihad Airways (EHD)’s (CCO), Peter Baumgartner, helped dispatch (ASY)’s inaugural service from Abu Dhabi to Hong Kong. The two airlines will code share on the route and (EHD)’s (CEO), James Hogan, commented: “The code share with (ASY) allows (EHD) to commence services to Hong Kong and extend its reach into Greater China sooner than would have been possible independently. It gives (EHD) immediate and direct access to rich, new sources of passenger and cargo revenue in Hong Kong and major outbound travel markets in southern China such as Guangzhou and Shenzen.”
Leading the launch celebrations for (ASY)’s new route to Hong Kong was (ASY)’s (CEO) Cramer Ball, who said: "It is a momentous occasion for (ASY), capping a remarkable year in which we returned to profitability. Through our partnership with (EHD), we have been able to transform our business and make improvements that we could not have achieved independently."
SEE ATTACHED: - "ASY-2013-03 - WITH ETIHAD TO HONG KONG."
May 2013: Air Seychelles (ASY) began 3x-weekly, Seychelles to Abu Dhabi to Hong Kong A330-200 service.
South African Airways (SAA) and Air Seychelles (ASY) will code share, beginning with the SA code on (ASY)’s 3x-weekly, Johannesburg to Seychelles flights. Subject to approval, SA’s code will also appear on flights between the 2 largest Seychelles islands of Mahé and Praslin. The partnership follows a strategic move by (ASY) to increase its connectivity throughout South Africa and the African continent.
Air Seychelles (ASY) has selected Rusada’s Envision maintenance software.
August 2013: Airberlin (BER) to Air Seychelles (ASY) code share agreement now offers 4x-weekly service to Praslin via Mahé.
September 2013: Air Seychelles (ASY) has reported a 2nd-quarter revenue of $26 million, more than doubling the prior-year’s 2nd-quarter intake of $10.9 million as its turnaround strategy begins to deliver results. (ASY) stood on the brink of collapse in 2011 before Etihad (EHD) came to the rescue by taking a 40% equity stake.
Since its partnership with (EHD) took effect in January 2012, a considerably slimmed-down (ASY) has demonstrated strong growth as it works to re-establish an international network through an increasing number of code share partners.
(ASY) forecasts that it is on track for a 2nd year of profitability after reporting a USD1 million profit for the financial year to December 2012, having lost -USD $12.5 million in 2011.
(ASY)’s (CEO) Cramer Ball stated: “We are creating a solid foundation for the future of our airline, Seychelles tourism and our home economy, and we are on track for a second year of profitability.”
November 2013: Air Seychelles (ASY)’s (CEO) Cramer Ball said (ASY) is on track to achieve its 2nd profit in as many years, after it revealed +42.4% passenger growth in the 3rd quarter. This overall passenger growth on the network was outstripped by international growth, which soared by +91% to just >55,000 passengers in the quarter. In total, (ASY) carried just >70,000 passengers during the period.
This comes after Etihad (EHD) bought a 40% stake in (ASY) in February 2012. “We have seen solid performance across our entire network in the 3rd quarter with solid growth in all our key markets and a strong and accelerating contribution from our code share partners,” Ball said. “With our continuing focus on containing costs, we are confident we will deliver a strong financial return to our shareholders and to our home economy,” he added.
(ASY) said during the quarter it had achieved its highest quarterly performance on the Mauritius route, carrying 9,041 passengers (up 38.5% from a year ago). (ASY) currently operates a 2-class A320 airplane wet-leased from (EHD), with 16C seats in Business Class and 120Y seats in Economy Class.
It added that passengers have doubled on the Abu Dhabi route, up by >9,000 passengers to 22,694 in the quarter. It also saw traffic to Hong Kong grow by +21.6%, which it said was a reflection of the increasing popularity of the connections to Seychelles and to Hong Kong offered by (ASY)’s schedule over the Abu Dhabi hub. Traffic on the Johannesburg route saw +11.8% year-on-year growth with a 342% quarter-to-quarter growth in revenue contribution from South African Airways (SAA).
Cathay Pacific (CAT) and (ASY) have a new code share agreement that sees Seychelles being added to (CAT)’s network. (CAT) introduced 4X- weekly flights to the Maldives in October. Under the new code share agreement, (CAT)’s “CX” code will be placed on (ASY)’s 3 weekly return flights between Hong Kong and the Seychelles, and 2x-weekly from the Seychelles to Abu Dhabi.
Meanwhile, (ASY), which is 40% owned by (EHD), will add its code to (CAT)’s 3x-weekly return flights between Hong Kong and Seoul, and Hong Kong and Melbourne. The code share will also apply to flights from Hong Kong to Perth and to Johannesburg, and flights from Perth to Hong Kong. (CAT)’s (CEO) John Slosar said the new agreement would boost business and leisure travel between the Seychelles and Hong Kong. “It will provide passengers travelling from the Seychelles with more choice and flexibility when travelling through our superb Hong Kong hub to connect to the network of (CAT)," he added.
(ASY) (CEO) Cramer Ball said the deal was an important 1 for the growing China market to the Indian Ocean island. “This will go a long way to support the growing desire for flights between the Seychelles and China, as well as Asia generally.”
(ASY) is to renew its domestic fleet with 3 Viking Air DHC-6-400 Twin Otters that will be delivered in mid-2015. They will replace 3 Series 300 versions of the type used by (ASY), which also has a Series 400 airframe in its fleet. (ASY) which is part-owned by (EHD), said the airplanes will be used for flights between Mahe, Praslin Island, Bird Island, Denis Island and Fregate Island. Viking Air resurrected production of the Twin Otter in 2007, with the enhanced Series 400, after taking over the rights to the type.
December 2013: Air Seychelles ((IATA) Code: HM, base at Mahé) (ASY) is set to return to Europe when it begins 2x-weekly Mahé to Paris Orly via Abu Dhabi International flights in February 2014, using a 2-class, 254-seat A330-200. Should the flight gain regulatory approval, it would signify (ASY)'s 1st foray to Europe since Etihad Airways (EHD) gained a 44% shareholding in (ASY). (ASY) also plans to significantly expand its operations in the Indian Ocean in 4th Quarter (Q4) 2014, following the delivery of an A319-100. New flights to Antananarivo (2x-weekly), St Denis de la Réunion (2x-weekly) and Mumbai International (3x-weekly) will be added while existing frequencies to Abu Dhabi International will grow from 7x- to 11x-weekly, offering a double daily service with (EHD).
(ASY) will also operate 3 return flights a week to Hong Kong and Johannesburg. Altogether, weekly international services will nearly double from 16x- to 29x-weekly. (ASY) currently operates 3 airplanes to 6 destinations on 6 routes and operates 33 daily flights.
January 2014: The (CEO) of Air Seychelles (ASY) Cramer Ball is to leave (ASY) after 2 years in the post. His resignation was announced, with his successor being named as Manoj Papa, currently Acting General Manager Commercial at South African Airways (SAA). The 2 men sat alongside Seychelles’ Minister Home Affairs & Transport, Joel Morgan, as he made the announcement. Morgan, who is also Chairman of (ASY), said that Ball was considering new career roles and praised his performance during his tenure. “Cramer Ball has been instrumental in revitalizing (ASY) our national carrier, and setting (ASY) on an exciting new path to growth. He led (ASY) into profitability in his 1st year of leadership and has rebuilt the foundations of this proud company, introducing new airplanes, new routes, new standards of service and new opportunities for (ASY)’s employees. I put on record our grateful thanks and our good wishes for the future.”
Ball was formerly Etihad Airways (EHD)’s Regional General Manager Asia Pacific South & Australasia. His appointment in February 2012 followed the creation of the strategic partnership between (EHD) and the Seychelles government in which (EHD) acquired a 40% stake in (ASY). “I am considering a number of career options,” said Ball. “Given this situation, I am resigning to be fair to both the business and to the staff who have supported me, in order to enable a comprehensive handover and a smooth transition to the next (CEO).” He will remain with (ASY) until late February, when the year’s financial results will be presented to the board.
In March 2013 (ASY) recorded its 1st profit after 3 years of losses, a turnaround attributed both to deep cost-cutting and synergies from the (EHD) alliance. Ball’s successor was instrumental in developing (SAA)’s Long Term Turnaround Strategy. His career has been largely spent with (SAA), but included 5 years with (EHD) from 2007 TO 2012, latterly as VP Corporate Strategy.
April 2014: Air Seychelles (ASY) reported a full-year net profit of +$3 million for 2013, nearly tripling (ASY)’s -$1.1 million net profit for 2012. It is (ASY)’s 2nd consecutive year of profitability. “In just 2 years, we have rebuilt our national carrier [and] strengthened our partnership with (EHD),” (ASY) Board Chairman Joel Morgan said. “Beyond delivering good results for (ASY), we have helped grow Seychelles tourism in the process (1 of our core objectives).”
In March 2013, (ASY) acquired a 2nd Airbus A330-200. In October, (ASY) purchased 3 Viking Air DHC-6-400 Twin Otter airplanes for use in its domestic fleet. Delivery of 2 of the 3 Twin Otters is expected in mid-2014, a year ahead of schedule.
(ASY) entered into 4 code share partnerships in 2013, teaming up with airberlin (BER), Czech Airlines (CSA), South African Airways (SAA) and Cathay Pacific Airways (CAT)) bumping up (ASY)’s destinations from 19 to 34.
Full-year revenue came to $88.7 million, more than doubling the 2012’s reported $42.8 million revenue. (ASY) reported carrying a total of 352,474 passengers in 2013. Passengers on its international network doubled to 195,857 from 97,576 in 2012. Traffic on (ASY)’s domestic routes reached 156,617 passengers, up +9% from 2012.
The company’s cargo volume more than doubled in 2013, following the addition of the Airbus A330. It carried 5,529 tons during the year, compared to 2,128 tons carried in 2012.
In January (CEO) Cramer Ball announced his resignation after 2 years in the position. Manoj Papa, formerly an executive at South African Airways (SAA), took over as (ASY)’s (CEO) on January 28.
(ASY) has announced the launch of a 1x-weekly, dedicated cargo service between the 2 largest islands in the archipelago, Mahé and Praslin Island, using a converted Shorts 360 freighter (SH3724, S7-PRI). The service will target perishable commodities destined for hotels and other tourism establishments on Praslin.
With the service streamlined to coincide with (ASY)'s Johannesburg O R Tambo and Abu Dhabi International flights, all shipments destined to Praslin will be customs-cleared in Mahé. Then, on arrival in Praslin, consignee trucks will be given access to the airport ramp to expedite the off-loading process.
May 2014: Air Seychelles (ASY) will start 2x-weekly, Seychelles to Paris Charles de Gaulle Airbus A330-200 service on July 2.
June 2014: Air Seychelles (ASY) has posted what it describes as a strong result for the 2014 1st-quarter, which saw a +38.2% increase in passenger numbers to 95,372 compared to the same period last year.
July 2014: Air Seychelles (ASY) started 2x-weekly (Tuesdays and Thursdays) flights from Abu Dhabi (AUH) to Paris (CDG) on July 2nd. Operated by (ASY)’s 254-seat A330s, the service originates in the Seychelles at Mahé (SEZ). Competition on the Abu Dhabi leg comes from Etihad Airways (EHD) (2x-daily), however, it should be remembered that in January 2012, (ASY) entered into a strategic partnership agreement with the national airline of the (UAE), with (EHD) acquiring a 40% stake in (ASY) and a 5-year management contract.
(ASY) is planning to start Airbus A320 operations later this year, with 1 A320, and is in code share talks with Air Austral (AUX) and Air Madagascar (MAD).
August 2014: Air Seychelles (ASY) and Alitalia (ALI) have inked a code share agreement enabling passengers on both airlines to fly between Rome, Milan, and Venice to Seychelles via Abu Dhabi, with just one ticket for their entire journey. The agreement became effective August 4.
(ASY)’s (HM) flight code will be placed on (ALI)’s 5x-weekly return nonstop flights between Rome and Abu Dhabi, on 10 connecting flights to Milan via Rome, and on 12 connecting flights to Venice via Rome.
(ALI) will place its (AZ) code on 7 of (ASY)’s return flights between Abu Dhabi and Seychelles, and on 47x-weekly to and from Seychelles’ 2nd largest island, Praslin, permitting stopovers on the main island of Mahé. (ASY) (CEO) Manoj Papa said: “The partnership with Alitalia (ALI) enhances (ASY)’s visibility in the Italian market [which is] Seychelles’ 3rd largest European market after Germany and France.”
On June 25, Etihad Airways (EHD) and (ALI) agreed to a deal that will see the fast-expanding (EHD) take a 49% stake in (ALI), the struggling Italian flag carrier. When the deal receives final regulatory approvals, both (ALI) and (ASY) could soon be part of the (EHD) stable of regionally connected airlines. (EHD) currently holds a 40% stake in (ASY).
(ASY) and Hong Kong Airlines (CRY) begin code sharing September 12. Under the code share agreement, (ASY) will place its code on (CRY)'s flights between Hong Kong and Bangkok, Thailand. In return, (CRY) will place its code on (ASY)'s flights between the Seychelles and Hong Kong, as well as between Hong Kong and Abu Dhabi.
An A320 is to be wet leased to (ASY) from its 40% equity partner, Etihad Airways (EHD). The A320 is scheduled for delivery in December and will be configured with 16C business- and 120Y economy-class seats, firming up plans that new (ASY) (CEO) Manoj Papa revealed at the Farnborough Airshow.
(ASY) said it will use the A320 (the 1st of the type to join its fleet) to ramp up international services. From December 1st, (ASY)s will add 4x-weekly frequencies between the Seychelles and (EHD)’s Abu Dhabi home hub, taking it to 18x-weekly, in addition to (EHD)’s 3x-weekly frequencies. It will also add capacity to Mauritius and revamp its Johannesburg, Mauritius, and Paris schedules.
“The A320, a wet lease from partner (EHD), will allow (ASY) to extend the depth and breadth of its network, increase its regional brand presence, and crucially deliver more revenue, which will be used to further develop (ASY)’s expanding services,” Papa said. (ASY) had originally planned to take the smaller A319, but it ultimately opted for the larger variant. “If it proves successful, we will most definitely take more,” Papa said.
In July, it was also reported that (ASY) is working to finalize code shares with Air Austral (AUX) and Air Madagascar (MAD), joining its existing agreements with Air Berlin (BER), Alitalia (ALI), Cathay Pacific (CAT), Etihad (EHD) and South African Airways (SAA). It is also looking to launch flights to Madagascar in the 3rd quarter and Mumbai at a later date. “Subject to regulatory approvals and beyond confirmed schedule updates and frequency enhancements, additional route announcements are planned in the coming months,” Papa confirmed.
Currently, (ASY) has 2 Airbus A330s, also on lease from Etihad (EHD), deployed on its long-haul services to Abu Dhabi, Hong Kong (via Abu Dhabi), Johannesburg, Mauritius, and Paris (via Abu Dhabi). Its domestic fleet comprises 6 DHC-6 Twin Otters and a single Shorts 360, which it recently converted for domestic cargo operations.
“Our international network continues to perform well and with these additional flights, we look forward to increasing connectivity to key markets important for Seychelles tourism (in Asia such as Beijing, Chennai, Delhi, Riyadh, and Tokyo, as well as in traditional and emerging European markets including Rome, Moscow, and Paris,” Papa said.
September 2014: Air Seychelles (ASY) will start a new service, Mahe to Dar es Salaam, the capital of Tanzania, on December 2nd. The route will be operated 2x-weekly with an Airbus A320 in a 16C business class and 120Y economy class seat configuration. (ASY) will be the only operator on the route. (ASY) begins 2x-weekly. Mahé to Antananarivo, Madagascar Airbus A320 service on December 3.
(ASY) will resume services to India on December 2 of this year with a 3x-weekly service to Mumbai International. The route will operate on-board an A320-200 airplane configured with 16C Business Class and 120Y Economy Class seats.
Following news that its 1st A320 jet would arrive before year-end, the Etihad Airways (EHD) subsidiary has announced plans to increase its regional operations with new routes to Dar-es-Salaam and Antananarivo.
Currently, (ASY) operates 2 A330-200s, 3 DHC-6-400s, and a converted Shorts 360F freighter on inter-island flights as well as on those spanning Europe, Africa, and the Middle and Far East.
October 2014: Etihad Airways (EHD) has launched a new brand that envelops (EHD) and 5 of its partner airlines in a group that will synchronize schedules and frequent flyer benefits in a similar way to the 3 global alliances.
Etihad Airways Partners will initially include (EHD), airberlin (BER), Air Serbia (JAT), Air Seychelles (ASY), India’s Jet Airways (JPL), and Darwin Airline, (EHD) announced Wednesday, October 8th.
(EHD) has equity stakes in each of these partner carriers. However, it said any airline can become an Etihad Airways Partner even if it is part of an existing alliance. Airberlin (BER) is a member of the Oneworld (ONW) Alliance.
The key emphasis for Etihad Airways Partners is a strong commercial partnership and shared values, (EHD) said. “We are broadening our business model to articulate and define a partner proposition for like-minded airlines, which will result in synergies and efficiencies for participating airlines on the one side, and enhanced network choice, service and frequent flyer benefits for the consumer on the other,” (EHD) President & (CEO) James Hogan said.
“The Etihad Airways Partners logo is a seal of excellence and global cooperation. It will be displayed on airplanes and on branded materials by a group of airlines working together to connect travelers around the world, and increasingly to harmonize standards in the air and on the ground.
“The potential for network alignment to maximize flight connectivity for passengers, together with a shared passion for superior service, are central to the ethos of the Etihad Airways Partner concept.”
Benefits will include standardized mileage and tier benefits across all partners, no blackout periods and priority services.
Etihad Airways Partners will also have access to economies of scale and operational synergies such as centers of excellence, shared sales teams in certain destinations, joint procurement of services and supplies, and shared pilot (FC) and cabin crew (CA) training at the Etihad Airways (EHD) facilities in Abu Dhabi.
SEE ATTACHED PHOTO - - "ASY-2014-10 - ETIHAD AIRWAYS PARTNERS" which
shows L - R: Maurizio Merlo (CEO) Darwin Airline; Wolfgang Prock-Schauer (CEO) airberlin (BER); James Hogan President & (CEO) Etihad Airways (EHD); Cramer Ball (CEO) Jet Airways (JPL); Dane Kondic (CEO) Air Serbia (JAT); and Manoj Papa (CEO) Air Seychelles (ASY).
(EHD)’s objective with its new "Partners" initiative is not to compete with the three global alliances but to link members’ frequent flier programs, synchronize networks and see cost efficiencies, (EHD) President & (CEO) James Hogan said.
December 2014: Air Seychelles (ASY) launched 2x-weekly, Airbus A320 service to Antananarivo and 3x-weekly service to Mumbai. It also began 2x-weekly Airbus A320 service to Dar es Salaam.
(ASY), now promoting itself as an Etihad Airways (EHD) Partner, has introduced 3 new routes to its network from Mahé (SEZ), thanks to the arrival of a new A320 at the end of November. On December 2nd, (ASY) began 2x-weekly (Tuesdays and Sundays) flights to Dar es Salaam (DAR) in Tanzania and 3x-weekly (Tuesdays, Fridays, Saturdays) flights to Mumbai (BOM) in India. The following day, service began to Antananarivo (TNR) operating 2x-weekly (Wednesdays and Saturdays). None of these routes are served by any other carrier.
February 2015: Air Seychelles (ASY) has added Amman to its code share agreement with Etihad Airways (EHD). (ASY) will place its HM code on 14x-weekly, (EHD) Abu Dhabi to Amman flights. Amman is the 7th code share city for (ASY) in the region, with (ASY) already placing its code on (EHD) services to Abu Dhabi, Jeddah, Riyadh, Muscat, Bahrain and Kuwait. (ASY) also will add its code on 21x-weekly, (EHD) Mumbai to Abu Dhabi flights, connecting to Seychelles.
March 2015: Air Seychelles (ASY) recorded a net profit of +$3.2 million for 2014, up marginally from 2013’s figure of +$3 million. Revenue rose +20% to $106.9 million, up from +$88.7 million in the previous year.
The slowing of profit growth was a result of increased expenditure in growing the route network. New services to Paris, Mumbai, Dar-es-Salaam, and Antananarivo were launched in 2014, but the last 3, in particular, got underway too late to have an appreciable effect on profit figures. The Paris service, launched mid-year, is understood to be doing well, but new routes typically take 12 to 18 months to realize their potential.
During 2014, (ASK)s increased by +27% following the delivery of an Airbus A320, and 2 DHC-6-400 Twin Otters, to complement the Airbus A330-200, which flies long-haul routes to Paris and Hong Kong, via Abu Dhabi and Johannesburg.
Cargo tonnage for 2014 rose strongly +34% to 7,311 tonnes.
“The continued strengthening of the business is very pleasing and is a result of an effective management team, committed workforce, and a strong and trusted partnership with Etihad Airways (EHD),” said Joël Morgan, Seychelles Minister for Foreign Affairs & Transport and (ASY) Chairman.
(EHD) acquired a 40% stake in (ASY) in 2012. Its involvement was followed by the implementation of a turnaround plan to reverse previous losses. “With further significant financial support from its shareholders, we hope (ASY) can announce a further expansion of its network in its key markets as well as new markets in 2015, thereby increasing its economic contribution to Seychelles,” Morgan added.
“Our increased profit figure is the result of higher revenue, greater productivity and an ongoing focus on costs,” (CEO) Manoj Papa commented, adding that the competitive environment remained “challenging.” “Our strategy is to use Seychelles’ unique position in the Indian Ocean to capture the strong travel flows between East Africa, the Western Indian Ocean, the United Arab Emirates (UAE) and the Indian subcontinent. The strong growth in passenger numbers from Mumbai to other destinations on our network shows this approach is working.”
During the year, (ASY) signed 2 new code share agreements (with Alitalia (ALI) to Rome and Venice, and Hong Kong Airlines (CRY) to Bangkok.
April 2015: Air Seychelles (ASY) is to launch a direct route to Paris in July, having previously served the French capital in partnership with shareholder, Etihad Airways (EHD), via Abu Dhabi.
Flights will be operated with an Airbus A330-200 3x-weekly, said the Mahe-based (ASY). The current connecting service via the (UAE) is conducted 2x-weekly.
No other airline operates direct flights on that route.
The nonstop service to Paris is part of a network rejig under which (ASY) will also increase frequencies to Madagascar's capital Antananarivo, Mauritius, and Mumbai.
Etihad (EHD) has a 40% shareholding in Air Seychelles (ASY). The island nation's government holds the remainder.
May 2015: News Item A-1: Air Seychelles (ASY) and Jet Airways (JPL) are to offer code shares on flights to Mumbai, Ahmedabad, Jaipur, Kochi, Thiruvananthapuram, Abu Dhabi, Mahé, and Johannesburg. There is also an option to extend connections to Dar es Salaam, Madagascar, and Mauritius.
News Item A-2: Etihad Airways (EHD) has appointed Abdulmohsen Al Sayegh as Air Seychelles (ASY) (CFO).
News Item A-3: The Indian Ocean Commission (IOC) airlines will sign a cooperation agreement on June 18 establishing the ‘Vanilla Alliance’ aimed at improving air services between (IOC) member states and international connectivity to the region.
The Vanilla Alliance will be made up of Air Austral (AUX) (Reunion), Air Madagascar (MAD), Air Mauritius (MAU), Air Seychelles (ASY), and the Ministry of Transport of the Union of Comoros (until the appointment of a carrier in that country). The airlines have agreed to “jointly defend their common interests and enhance international connectivity [to, from, and within the] islands, while taking care to preserve the attractiveness of passenger fares.”
Air Austral (AUX) (CEO) Marie-Joseph, Malé, who is also President of the (IOC) Airline Committee, said that the (IOC)-led initiative represented "a major turning point for regional air transport."
In parallel, the civil aviation authorities of the (IOC) member states are, through the (IOC) civil aviation committee, exploring the possibility of establishing a shared regulatory framework, as well as strengthening government competency in areas such as training and safety.
The Vanilla Alliance idea stemmed from an international symposium on air transport in the Indian Ocean region hosted by the (IOC) in May 2013. Following that symposium, the (IOC) published a report in January last year called ‘Indianocéania's Wings’ which demonstrated the measurable and sustainable added value of a coordinated approach to air transport.
June 2015: News Item A-1: Air Seychelles (ASY) said it has completed the transfer of its 1st Airbus Industrie (EDS) jet airplane to the Seychellois civil aircraft register with A320-200 (1944, A6-EIA)) now (S7-AMI). The move marks the 1st such registration since Etihad Airways (EHD) acquired a 40% stake in (ASY) in 2012. The acquisition subsequently led to the retirement of (ASY)'s last remaining locally-registered 767-300 jets. “This change will provide (ASY) with more opportunities for growth, for example, by opening up air access to destinations which require a Seychelles-registered airplane for charter and scheduled operations," Manoj Papa (CEO) of (ASY), said. “We look forward to transferring additional airplanes to the Seychelles register over the coming years, as we continue to grow and expand (ASY), driving more tourism and growth in the Seychelles economy.” (ASY) wet-leases its wide bodies from (EHD) with its 2 A330-200s still registered in the (UAE) as (751, A6-EYY) and (807, A6-EYZ).
News Item A-2: Air Seychelles (ASY) announced that Roy Kinnear is to become its (CEO) from July 1.
Roy joins (ASY) from strategic partner Etihad Airways (EHD), which has a 40% stake in the Indian Ocean carrier. Roy is currently (EHD)’s Senior VP Revenue Management & Planning.
He replaces Manoj Papa, who departs after an 18-month tenure.
(ASY)’s board, chaired by the archipelago’s Minister for Foreign Affairs & Transport Joël Morgan, approved the appointment.
Kinnear, a 30-year airline veteran, was described by Morgan as “a highly talented industry executive with the experience and expertise to lead (ASY) and maintain the dynamism and momentum of (ASY). “Roy brings new skills for a new phase in the continuous and very successful evolution of (ASY), which now has a strong foundation and a growing reputation that extends well beyond the Indian Ocean. “I would like to sincerely thank Manoj Papa for his outstanding contribution over the past 18 months,” added Morgan. “In this time, Manoj has successfully driven a significant number of people-critical initiatives, including the introduction of (KPI)s across the business, the creation of a performance-based culture, increased training and development and strengthened governance and reporting. These initiatives have led to improved employee engagement and productivity.
“Manoj has also revitalised the airline’s network [and] continually upgraded the fleet.
“The board wishes Manoj the very best for the next step in his career.” “It has been an honor being (CEO) of (ASY) at such an important time in its journey,” Papa said. “The challenge has been extremely rewarding.” “I am proud to be given the opportunity to lead (ASY) with its demonstrated success and yet significant untapped potential,” Kinnear said.
Kinnear started his career with British airline bmi (BMA) as General Manager Revenue Optimization before moving to Bahrain to become Head of Network Revenue Management at Gulf Air (GLF) from 2002 to 2006. He then moved to Abu Dhabi where he was VP Revenue Management at (EHD) until 2010 before being appointed Senior VP Cargo. He took up his current position in 2011.
September 2015: News Item A-1: The Indian Ocean Commission (IOC) airlines have signed a multilateral cooperation agreement establishing the Vanilla Alliance, which is aimed at improving air services between (IOC) member states and international connectivity to the region. The alliance is made up of Air Austral (AUX), Air Madagascar (MAD), Air Seychelles (ASY), Inter Ile Air, and Air Mauritius (MAU).
The alliance offers >50 destinations, operates a fleet of 30 aircraft, and employs about 6,000 staff. It is expected to transport >2.3 million passengers a year.
Initially, the alliance will develop attractive fares, schedule connectivity, optimize code shares, as well as optimize resources such as fleet and airport facilities.
It is understood that these small Indian Ocean flag carriers were faced with economical challenges over the years and feared tough competition from Gulf carriers on some routes, such as Emirates Airline (EAD)’s 2x-daily A380 services from Dubai to Mauritius.
“The islands and airlines of the region share similar geographical realities, hence have a similar need for reinforcing air links. By joining our efforts, we will be able to tap synergies and optimize our resources and to improve inter-island air connectivity,” Air Mauritius (MAU) board officer, (Raja) Indradev Buton said.
News Item A-2: Air Seychelles (ASY) is to transfer its 1st A330 to local registry.
January 2016: Alitalia (ALI) and Air Seychelles (ASY) increased code share services, adding the AZ code on Air Seychelles (ASY) 3x-weekly, Paris (CDG) to Seychelles services.
February 2016: Air Seychelles (ASY), which is an Etihad Airways (EHD) Partner, launched a new weekly service on February 2 using its single 254-seat A330 between Mahé (SEZ) and Beijing (PEK). Flights on the 7,950 km route depart the Seychelles at 10:40 on Tuesdays, arriving in China at 01:30 the following morning. Return flights depart Beijing at 02:50 on Wednesday mornings, returning to Mahé at 09:20 the same day.
March 2016: Air Seychelles (ASY) adds a 4x-weekly, Mahé to Antananarivo flight on June 28.
May 2016: Air Seychelles ((ASY) posted a 2015 net profit of +$2.1 million, down -34.4% from a net profit of +$3.2 million recorded in 2014.
Etihad Airways (EHD) acquired a 40% stake in (ASY) in 2012, and (ASY) the Mahé-based airline became an (EHD) partner. Along with other code share partners, including airberlin (BER), Alitalia (ALI), Jet Airways (JPL), NIKI, (NKI), South African Airways (SAA), and Air France (AFA), Air Seychelles (ASY)’s destinations increased from 30 to 61 in 2015. Passenger traffic increased +22% in 2015, while cargo growth declined.
“We will continue to consolidate (ASY)’s position by making investments that will allow (ASY) to continue on its current trajectory of further growth,” Seychelles Minister of Foreign Affairs & Transport and (ASY) Chairman Joel Morgan said.
In 2015, revenue dipped -1.4% to $105.9 million from 2014 revenues of $106.9 million. (ASY) had a +7% increase in (ASK)s to 1.7 billion to produce a passenger load factor of 66% LF, up +6% points from 2014.
Cargo was down -40% with 4,415 tonnes of freight flown.
“While the 2015 results are a sure sign that we are on the right path, we must not rest on our laurels and, in 2016, we are committed to accelerating our growth. We will do this by continuing to grow our route network both organically and through an expansion of our code share partnerships. We will also continue to invest in our products and services to ensure that we provide the best possible guest experience both in the air and on the ground,” (ASY) (CEO) Roy Kinnear said.
November 2016: Air Seychelles (ASY) will begin 2x-weekly Mahé (Seychelles) to Dusseldorf (Germany) and 2x-weekly Mahé to Durban (South Africa) services from March 30, 2017. (ASY) will introduce a 2nd Airbus A330, scheduled to be delivered in the last week of March 2017.
January 2017: DHC-6-300 (539, S7-AAR) sold to Gravitas Aviation.
March 2017: 2 DHC-6-300 (900, N915VK; 945, S7-FAR), ex-(C0GFAP).
December 2017: Air Seychelles (ASY) has appointed Remco Althuis as its interim (CEO), following the resignation of his predecessor, Roy Kinnear who is taking up the role of Chief Commercial Officer (CCO) at UK-based regional carrier Flybe (BEE), after holding the top slot at (ASY) since July 2015. Kinnear announced his departure in October 2017 and formally leaves (ASY) on December 31.
At the time of Roy Kinnear's announcement, the government-owned "Seychelles News Agency" quoted the archipelago’s Tourism & Civil Aviation Minister Maurice Loustau-Lalanne, as saying the resignation “has taken most of us by surprise.”
With Althuis’ arrival, (ASY) will have had 4 (CEO)s in 6 years. Like Kinnear, Althuis joins (ASY) from Etihad Airways (EHD), where he was Regional General Manager Europe. (EHD) is a 40% shareholder in Air Seychelles (ASY).
Althuis held previous positions at (KLM) and then the Air France (AFA) - (KLM) group. He joined (EHD) in 2012 as General Manager for China and holds an MBA from Rotterdam School of Management at Erasmus University in the Netherlands.
“Remco is a highly talented executive with a wealth of experience in aviation and a proven track record in leadership roles,” (ASY) Chairman Jean Weeling-Lee said. “His extensive skillset will be crucial to ensuring that (ASY) continues to develop in ways that achieve our commercial objective of sustainable profitability.”
Weeling-Lee thanked Kinnear for his “enormous contribution in developing the business.”
Click below for photos:
ASY-767 - 2013-11
ASY-767-300 - 2014-10
ASY-A330-200 - 2013-09
ASY-A330-200 - 2013-12
ASY-A330-200 - 2013-12-A
ASY-A330-200 - 2014-09
0 737-7Q8 (CFM56-7B22) (1005-30737, /01 S7-SEZ "AMIRANTES"), (ILF) 8 YR LSD 2001-11, (SAA) MAINT. RTND, LST (SAQ). 12C, 114Y.
0 767-2Q8ER (CF6-80C2) (272-24448, /89 S7-AAS), (ILF) LSD, (ETOPS), RTND 2001-05, LST (COH).
0 767-204ER (CF6-80A2) (210-24013, /88 S7-EXL "LA BELLE CREOLE"), (SBE) LSD 2007-12. RTND & PARTED OUT 2009-01. 290Y.
0 767-205ER (JT9D-7R4D) (81-23057, /84 S7-ILF "AMIRANTES"), EX-(MXJ)/(COH)/(TWA), (ILF) LSD 2008-08. RTND. 222Y.
0 767-219ER (CF6-80C2B2) (239-24150, /88 S7-SEZ "ISLE OF BIJOUTIER"), (ILF) 5 YR LSD 2009-04. RTND. 222Y.
0 767-3Q8ER (CF6-80C2B6F) (831-29386, /01 S7-ASY "ALDABRA"), (ILF) 10 YR LSD 2001-04. RTND 2012-01. 25C, 222Y.
0 767-306ER (CF6-80C2B6F) (736-28884, /99 S7-FCS "ISLE OF FREGATE"), (ILF) 3 YR LSD 2009-07. RTRD 2012-04. 25C, 222Y.
0 767-37DER (CF6-80C2B6F) (637-26328, /96 S7-AHM "VALLEE DE MAI"), (ILF) LSD, (ETOPS) EQ'PD. RTND 2012-01. 25C, 222Y.
0 767-33AER (PW4060) (491-25535, VH-NOE), NORDSTRESS WET-LSD, RTND (AWW), LST (AVI) 2000-11.
2 ORDERS (2019-01) 787-87D DREAMLINER (GEnx-1B64) (35307; 35309), (ILF) 12 YR LSD:
0 A300B4 (F-BVGM), (AFA) WET-LSD 2 YRS 1985-10.
1 A320-232 (V2527-A5) (1944, S7-AMI), EX-(A6-EIA), (SIL) LSD, (EHD) WET-LST (ASY) 2015-06, 16C, 120Y.
2 A330-243 (TRENT 772B-60) (751, /07 A6-EYY; 807, /07 A6-EYZ), (EHD) WET-LSD 2012-03 - - SEE PHOTO - - "ASY-A330-200 - 2013-09." 10F, 26C, 164Y.
3 DHC-6-300 TWIN OTTER (PT6A-27) (499, /76 S7-AAJ "ISLE OF DESROCHES;" 539, /77 S7-AAR "ISLE OF FARQUHAR;" 623, /79 S7-AAF), 20Y.
2 DHC-6-400 TWIN OTTER (PT6A-34) (846, S7-CUR, 2010-12; 847).
1 SHORTS 360-300 (PT6A-67R) (SH3724, S7-PRI "ISLE OF LA DIGUE"), BF BAC LEASING 2006-07. FREIGHTER.
1 SHORTS 360-300F (PT6A-67R) (SH3758, /89 S7-PAL "ILE DE PALME"), (BAX) LSD 2002-10. RTND 2004-08. FREIGHTER.
1 BN2A-27 ISLANDER (LY O-540-E4C5) (540, /76 S7-AAA "ISLE OF REMIRE"), FOR SALE. 9Y.
5 DHC-6-300 TWIN OTTERS EX-VIKING AIR (539, S7-AAR SOLD 2017-01; 900, N915VK, 2017-03; 945, S7-FAR, 2017-03), 19Y.
1 AN-12, 2003-08.
Click below for photos:
ASY-1-Remco Althuis 2017-12.jpg
ASY-4-Roy Kinnear - 2016-02.jpg
ASY-5-JOCELYNE BONNAL DIR MKTG-2009-09
ASY-6-CAPT DAVID SAVY
ASY-6-CAPT DAVID SAVY-2008-10
JEAN WEELING-LEE, CHAIRMAN AIR SEYCHELLES (ASY).
JOEL MORGAN, PREVIOUS (ASY) CHAIRMAN IN JANUARY 2014.
Joel Morgan in 2014 also acted as Seychelles' Minister Foreign Affairs & Transport.
REMCO ALTHUIS, INTERIM CHIEF EXECUTIVE OFFICER (CEO), EX-(EHD), (AFA) - (KLM) (2017-12). Like previous (CEO) Roy Kinnear, Remco joined (ASY) from Etihad Airways (EHD), where he was Regional General Manager Europe. (EHD) is a 40% shareholder in Air Seychelles (ASY). At the time of Remco's arrival, (ASY) had experienced 4 (CEO)s in 6 years.
Althuis held previous positions at (KLM) and then the Air France (AFA) - (KLM) group. He joined (EHD) in 2012 as General Manager for China and holds an MBA from Rotterdam School of Management at Erasmus University in the Netherlands.
ROY KINNEAR, CHIEF EXECUTIVE OFFICER (CEO) (2015-07).
Roy joined Air Seychelles (ASY) from strategic partner, Etihad Airways (EHD), which has had a 40% stake in (ASY). Roy was (EHD)’s Senior VP Revenue Management & Planning. He replaced Manoj Papa, who departed after an 18-month tenure.
MANOJ PAPA, CHIEF EXECUTIVE OFFICER (CEO), EX-(SAA) (2014-02), LEFT (2015-06).
Manoj Papa was instrumental in developing (SAA)’s Long Term Turnaround Strategy. His career was largely spent with (SAA), but included 5 years with (EHD) from 2007 to 2012, latterly as VP Corporate Strategy.
CRAMER BALL, CHIEF EXECUTIVE OFFICER (CEO), EX-(EHD) (2012-02) RESIGNED (2014-02).
Cramer Ball was formerly Etihad Airways (EHD)’s Regional General Manager Asia Pacific South & Australasia. His appointment in February 2012 followed the creation of the strategic partnership between (EHD) and the Seychelles government in which (EHD) acquired a 40% stake in Air Seychelles (ASY).
“I am considering a number of career options,” said Ball. “Given this situation, I am resigning to be fair to both the business and to the staff who have supported me, in order to enable a comprehensive handover and a smooth transition to the next (CEO).”
GARRY ALBERT, DEPUTY (CEO).
ABDULMOHSEN AL SAYEGH, CHIEF FINANCIAL OFFICER (CFO) (2015-05).
VIMI LOCKMUN-BISSESSUR, HEAD ORGANIZATIONAL DEVELOPMENT.
CAPTAIN FRANCOIS JACKSON, GENERAL MANAGER FLIGHT OPERATIONS (SEZOZHM) (10/02).
CAPTAIN D LIDDLE, FLIGHT SAFETY OFFICER.
MICHAEL JACK, MANAGER, DOMESTIC ENGINEERING (SEZMZHM)
NIGEL STRONG, DIRECTOR TECHNICAL.
MARJA KARJALAINEN, DIRECTOR FINANCE, HUMAN RESOURCES (HR) & ADMINISTRATION.
FRANCOIS JACKSON, GENERAL MANAGER OPERATIONS.
FAUZIA ROSE, GENERAL MANAGER HUMAN RESOURCES (HR).
SHAFIK ALLIBHAYE, GENERAL MANAGER CARGO/FREIGHT SERVICES.
JOCELYNE BONNAL, DIRECTOR MARKETING & SALES (SEE PHOTO).
CAPTAIN BRIAN STABLEFORD, FLIGHT OPERATIONS MANAGER.
ROBERT CHONG-SENG, MANAGER ENGINEERING & MAINTENANCE,
ELSIA HOAREAU, MANAGER CABIN SERVICE (email@example.com).
SIMON MAILLET, QUALITY ASSURANCE (QA) MANAGER.
PETER SIMEON, QUALITY ASSURANCE (QA) ENGINEERING.
MIKE ALVIS, MANAGER WORKSHOPS.
ROBIN DAVIDSON, TECHNICAL ADVISOR.
ROLLY BALETTE, OPERATIONS SUPERINTENDENT.