SA low-cost airline expansion commended

New low cost airline welcomed in this competitive market

New low cost airline welcomed in this competitive market

JOHANNESBURG, (CAJ News) – SKYWISE has welcomed FlySafair’s plans to expand its domestic airline service.

The former believes this would enhance competition in the industry.

The low-cost airline said instead of being envy of a contender’s success, it welcomed the news “with open arms.”

“We are equally encouraged by this development that reflects free market dynamics,” says Tabassum Qadir, Co-Chair.

The executive said the growth signs of the domestic airline industry could be seen from this change, which also complemented genuine and sustainable tourism growth and the likely creation of jobs.

Qadir said rather than worrying about the expansion of SAA and its subsidiary, Mango, through state funding, it was welcome to see independent airlines performing well on the domestic market.

“Skywise loves genuine competition, rather than with state airlines that enjoy not only extra but huge amounts of cash injections from tax payers’ coffers,” said Qadir.

Qadir said private owned airlines entailed personal risk on the part of entrepreneurs and investors.

“Therefore they must enjoy a fair playing field that is exploitable to justify investment,” notes Qadir.

Co-Chair, J Malik, said outside bailouts, private airlines could do their best to ensure, not only their survival, but also the viability and progressive profitability of their businesses.

Malik suggests that if government or SAA has any plans for the local market, where they may not fit in their operations, Skywise is open to discuss for the benefit of the country and consumers.

CAJ News

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Posted by on Jul 21 2015. Filed under Aviation, Featured, Finance, Investing, National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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