5th Dec 2013
Bangkok Airways is poised to expand its fleet and route network next year in its bid to solidify its position in the country's lucrative travel market.
The full-service carrier is planning to augment its fleet with the acquisition of 5 A320s by the end of 2014. It is also mulling to place orders for more turboprop as well as narrow-body planes. The funding of its expansion program will be primarily sourced from the much-delayed initial public offering (IPO) which it will hopefully complete before the year ends.
Many have speculated that the entry of budget carriers in the country is a major factor for its decision to go public through IPO to support its ambitious expansion effort. However, Bangkok Airways was quick to deny the speculation stating that it is quite confident of its stature as a boutique airline and it has its own captive market.
The airline is optimistic of its future outlook boosted in part by a growing portfolio of partnerships that will further boost its income in the long term.
Bangkok Airways has a route network of 23 destinations, 14 of which are international. Its current fleet consists of 15 A320 aircraft and 8 turboprop, all of which are ATR 72-500. Before the year ends, it is expected to take delivery of 2 more A320 on lease and another three more aircraft from the A320 family in 2014.
Sahakol Air was founded in 1968 but started scheduled services only in 1986 as Thailand's first commercial privately-owned airline. The airline re-branded itself to become Bangkok Airways in 1989. Today, it is the country's fourth largest airline after the state-owned flag carrier, Thai Airways, Thai AirAsia and Nok Air, the budget affiliate of Thai Airways. It accounts for 14% share of the domestic passenger capacity and 3% share of the international passenger capacity.