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Economic Recession Cause Implications and Remedies

Air Seychelles defies world trends

Alain St. Ange, eTN Ambassador  Aug 06, 2009

Air Seychelles, the national airline of the tropical creole islands of the Seychelles, has defied the world trend by increasing its fleet amid the ongoing global economic recession.

Captain David Savy, the airline's chairman, has said that Seychelles as a country has managed to dampen the effects of the world economic crisis by remaining focused and by taking necessary action in a timely manner. "In the year to date, Seychelles has registered a 6 percent drop in its visitor arrival numbers which is far better than expected,” he said. “We now needed to learn lessons and prepare for eventual growth so as to take advantage of being in a buyers' market when it comes to aircraft acquisition."

Air Seychelles’ fifth aircraft, a B767-300ER that was leased from the International Lease Finance Corporation (ILFC), is named “Isle of Fregate” and had been part of the Dutch KLM Airlines before being part of the Hungarian national airline, Malev, on a short-term lease agreement.

Air Seychelles remains a main partner of the tropical creole island's tourism industry and has been part of the new drive in Seychelles to reposition the island with its “Affordable Seychelles Campaign,” which was launched at ITB Tourism Trade Fair in Berlin in March this year.

Seychelles, one of the world's smallest countries, has been operating its own profitable airline company for many years and it is exactly 20 years since they added Boeing 767 aircraft to its fleet.

Air Seychelles defies world trends

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