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PGZ-2013-05 - ASIA DIVISION
Formed and started operations in 2013. Regional & international, scheduled & charter, passenger & cargo, jet airplane services.
KYRGYZSTAN (REPUBLIC OF KYRGYZSTAN) WAS ESTABLISHED IN 1991, IT COVERS AN AREA OF 198,500 SQ KM, ITS POPULATION IS 5 MILLION, ITS CAPITAL CITY IS BISHKEK, AND ITS OFFICIAL LANGUAGE IS KYRGHIZ.
May 2013: "Pegasus Asia" (PGZ) is the name of a new joint venture (JV) between Pegasus Airlines (PGS) and Air Manas (MBB) of Kyrgyzstan. Initially, the (JV) will use a single wet-leased 737-82R (38175, TC-AVP - - SEE PHOTO - - "PGZ-2013-05 - ASIA DIVISION") to operate daily services from Istanbul to Bishkek.
November 2013: Pegasus Asia (PGZ), a joint venture (JV) formed by Turkish low-cost carrier (LCC) Pegasus Airlines (PGS) and Kyrgyz airline, Air Manas (MBB), said its arrival in Kyrgyzstan has seen airfares in the Central Asian republic drop by as much as -60% as it introduces competition on flight sectors.
(PGZ) is part of (PGS)’s expansion into the region, which (PGS) (CEO) Ali Sabanci has said suffers from high fares due to airline monopolies and restrictive regulatory regimes in the patchwork of former Soviet republics.
(IATA) Code: ZM. (ICAO) Code: MBB.
Several of the Central Asian republics have few, if any, air links to the Middle East and Europe, and often have small, loss-making national carriers. Sabanci believes there is considerable untapped potential in the region and sees passengers from the region transiting Istanbul for onward travel to more distant destinations.
Speaking at a ceremony marking the arrival of (PGZ)’s 2nd 737-400 airplane, formerly used by Pegasus Airlines (PGS) General Manager Sertac Haybat said the aim is to create a Central Asian hub at Manas Airport outside the Kyrgyz capital, Bishkek.
(PGZ) launched flights between Bishkek and Istanbul in March. “In line with this aim of ours,” Haybat said, “we have carried 59,000 guests on these daily flights in the last 8t months. With the competition we created in the region with these Istanbul - Bishkek flights, we were able to cut the cost of these flights by -60%.”
Pegasus Asia (PGZ)’s new airplanes will be used for domestic flights to Osh and internationally as far as Dubai and Moscow.
December 2013: Pegasus Asia ((IATA) Code: ZM, based at Bishkek) (PGZ) successfully launched domestic operations on December 20 with a 2x-daily Bishkek to Osh service. Kyrgyz newswires report the flight operated using 1 of Pegasus Asia (PGZ)'s 737s under its ZM flight code. The Air Manas ((IATA) Code: ZM, based at Bishkek) subsidiary operates a 737-400 and 4 737-800s on wet-lease from its Turkish joint venture partner Pegasus Airlines ((IATA) Code: PC, based at Istanbul Sabiha Gökcen) (PGS). Its only other route so far had been a joint daily service with Pegasus (PGS) to Istanbul Sabiha Gökcen although Pegasus Asia (PGZ) plans to eventually serve up to 30 routes from Kyrgyzstan.
Pegasus Asia (PGZ) currently flies to 2 countries, and 2 destinations on 1 route and 2 daily flights.
July 2014: Russian aviation authorities have offered to remove all restrictions on the number of frequencies and destinations between Russia and Kyrgyzstan. Kyrgyzstan representatives said they would be ready to discuss the rule changes later this year.
In addition, Russian authorities have offered to add 26 frequencies to the Moscow - Bishkek route and 20 frequencies on Moscow - Osh for the summer 2014 season, not the winter 2015 season, as earlier announced.
Russian authorities explained that decision based on seat load factors on the routes >80%. Last year, Russia and Kyrgyzstan added new frequencies on the routes between the countries.
Russia’s industry experts say the bilateral agreements between Russia and former (USSR) republics are sometimes tougher (in an effort to protect local airlines) than those between Russian and European countries. But over the last few years, Russia persuaded several countries to change the rules. In 2011, Russia agreed to liberalize rules with Ukraine. In January 2014, flight rules were liberalized between Russia and Armenia.
August 2014: Rapidly growing Turkish low-cost carrier (LCC) Pegasus Airlines (PGS) continued to slip into the red in the 1st half of 2014 compared to the year-ago period. It made a net loss of -TL17.9 million/-$8.2 million, reversed from a profit of +TL44.1 million last time.
Sales were up +33% at TL1.3 billion, compared to TL989 million year-over-year. Its share of the Turkish domestic market rose from 26.7% to 28%, and its share of the international market grew from 9.1% to 9.8% during the period.
Passenger numbers rose +22% to 9.2 million, up from 7.6 million. Load factor increased fractionally, to 79.4% LF, up from 79.3% LF last time.
The 1st half of 2014 saw a -2% fall in the cost per available seat kilometer (CASK) to €4.06/$5.42, down from €4.13 for the same period last year. Capacity (ASK)s increased +22.3%.
(PGS) General Manager Sertac Haybat said (PGS) had made effective use of such competitive advantages as its geographical location, flight network and low-cost structure: “We will continue to be one of Europe’s fastest-growing, (LCC)s in the coming period with our high rate of average daily airplane utilization and our recent airplane order to the value of $12.2 billion.
“In an expanding market, we have increased our capacity, while at the same time continuing to increase our market share, as we have done in recent years. We have also succeeded in reducing the cost per (ASK) by using our airplanes efficiently.”