It was renamed Air Seychelles in September 1978. The airline began international routes in 1983 to Frankfurt and London.[2]
Investment
In February 2012, the United Arab Emirates national carrier, Etihad Airways, invested US$45 million in Air Seychelles for a 40% share in the airline following problems of management and profitability. After operating at a loss for two years in a row, Air Seychelles planned to restructure and re-position itself to return to profit. The airline entered into codeshare agreements with Etihad Airways and started flying to Abu Dhabi in March 2012 to connect to Etihad Airways' network of destinations.[3]
On 16 March 2012, Air Seychelles announced a two-year business plan including the renewal of its fleet, leveraging Etihad Airways equity partnership – known as Etihad Airways Partners (which also includes Alitalia, Air Serbia and Virgin Australia), the introduction of Airbus A330−200 aircraft after over two decades of an all-Boeing fleet, increased frequencies to key destinations, and closer cooperation with Etihad Airways.[3]
On 12 March 2015, Air Seychelles released their results for 2014, declaring US$3.2 million in net profits.[3]
Restructuring
In January 2018, Air Seychelles announced the closure of its sole long-haul route (Paris), the return of its two Airbus A330 long-haul aircraft, and a focus on its regional network.[4] The plan is aimed at ensuring the long-term profitability and sustainability for the airline, in response to rapidly increasing competition. Remco Althuis, Interim CEO, said, 'The launch of competing air services from Europe to Seychelles will significantly impact Air Seychelles' flights to and from Paris, which account for approximately 30% of total passenger revenue at the airline, making the route unsustainable.' The airline will refocus on its domestic and regional networks, with a reduced workforce.[5]
Corporate affairs
Ownership
Air Seychelles was established and originally owned by the Government of Seychelles, having purchased and merged several small aircraft operators into one airline. Following problems of management and profitability, Etihad Airways acquired a 40 percent stake in Air Seychelles in 2012, in a deal worth $45m. On 1 May 2021 it was announced Etihad Airways sold its 40% stake back to the Government of Seychelles for $1.[6]
Business trends
The key trends for Air Seychelles over recent years are shown below (as at year ending 31 December):
Air Seychelles VIP is a specialised facility offering services for VIP passengers, aircraft crew and aeronautical technical support, including fixed-base operation which is managed in conjunction with Royal Jet.[17]
In October 2011, after nearly 25 years in their livery using traditional red, white and green local colours with two white terns (Gygis alba, the national bird of Seychelles), Air Seychelles painted its first Boeing 767-300ER aircraft in the company's new colours. The colours used on the tail end are blue, green, red and white.
References
^ abcd"Press release - Air Seychelles posts third consecutive year of net profitability". 12 March 2015. Retrieved 17 May 2015.
^"History". Air Seychelles. 2 March 2015. Retrieved 26 May 2020.
^ abc"Air Seychelles profits from successful expansion strategy". 10 April 2014. Retrieved 16 May 2015.
^centreforaviation.com - Air Seychelles to suspend services and restructure fleet under strategic transformation plan 24 January 2018
^"Air Seychelles announces business transformation plan to safeguard long-term profitability" (Press release). Air Seychelles. 23 January 2018. Retrieved 24 January 2018.
^"Etihad divests full stake in Air Seychelles". 1 May 2021. Retrieved 2 May 2021.
^"Air Seychelles profits from successful expansion strategy". 10 April 2014. Retrieved 17 May 2015.
^"Press release - Air Seychelles posts second consecutive year of net profitability". 10 April 2014. Retrieved 17 May 2015.
^. Archived from the original on 26 February 2016. Retrieved 17 May 2015.
^"Air Seychelles posts 6.6% rise in net profit". 12 March 2015. Retrieved 17 May 2015.
^"Air Seychelles records profitability in 2015". 3 May 2016. Retrieved 15 July 2019.
^"Air Seychelles honours long-serving staff at special awards ceremony". 29 January 2017. Retrieved 16 July 2019.
^"Air Seychelles celebrates new passenger record of 550,000". 30 December 2016. Retrieved 16 July 2019.
^"Air Seychelles Announces Radical Transformation, Cancels Longhaul Flights". 23 January 2018. Retrieved 16 July 2019.
^"Air Seychelles celebrates the achievement of its Seychellois female workforce on International Women's Day". 8 March 2019. Retrieved 18 July 2019.
^"Air Seychelles ground handling and cargo business record strong performance in 2018". 13 March 2019. Retrieved 18 July 2019.
^airseychelles.com - Air Seychelles VIP retrieved 18 February 2018
^"Our loyalty programme". Air Seychelles. 13 March 2015. Retrieved 26 May 2020.
^ abcd"Route Map" (PDF). Air Seychelles. Retrieved 18 December 2017.
^ abcd"Timetables". publisher. Retrieved 18 December 2017.
^"Air Seychelles to increase frequency on its Mumbai route". Air Seychelles. 4 March 2019.
^"Air Seychelles to launch weekly direct flights to Tel Aviv in November 2019". Air Seychelles. 9 July 2019. Retrieved 11 July 2019.
^EPSTEIN, SONIA (9 July 2019). "Air Seychelles to link Israel with Indian Ocean islands by November". Jerusalem Post.
^"Air Seychelles to operate seasonal flights to Antananarivo". Air Seychelles. 13 February 2019.
^"Air Seychelles expands Johannesburg service to daily flights". Air Seychelles. 5 March 2019.
^. Air Seychelles. 1 March 2019. Archived from the original on 22 March 2019. Retrieved 1 March 2019.
^"Our Fleet". Air Seychelles. from the original on 12 October 2019.
^"Air Seychelles takes delivery of maiden A320neo". ch-aviation.com. 1 August 2019. from the original on 2 August 2019. Retrieved 19 September 2019.
^"Air Seychelles Celebrates The Arrival Of Africa's First A320Neo On Hometurf". airseychelles.com. 2 August 2019. from the original on 8 August 2019. Retrieved 19 August 2019.
Further reading
"Air Seychelles registers sold performance for 2Q2013 and 1H2013". Centre for Aviation. 5 September 2013. from the original on 16 December 2017.
External links
Media related to Air Seychelles at Wikimedia Commons
seychelles, national, airline, republic, seychelles, head, office, located, seychelles, international, airport, island, mahé, operates, inter, island, international, flights, charter, flights, iata, icao, callsignhm, seychellesfounded1977hubsseychelles, intern. Air Seychelles is the national airline of the Republic of Seychelles Its head office is located at Seychelles International Airport on the island of Mahe and it operates inter island and international flights and charter flights Air SeychellesIATA ICAO CallsignHM SEY SEYCHELLESFounded1977HubsSeychelles International AirportAllianceVanilla AllianceFleet size7Destinations6Parent companyGovernment of SeychellesHeadquartersMahe SeychellesKey peopleRemco Althuis CEO RevenueUS 106 9 million 2014 1 ProfitUS 3 2 million 2014 1 Employees650 2014 1 Websitewww wbr airseychelles wbr com Contents 1 History 1 1 Establishment 1 2 Investment 1 3 Restructuring 2 Corporate affairs 2 1 Ownership 2 2 Business trends 2 3 Services 3 Destinations 3 1 Codeshare agreements 4 Fleet 4 1 Current fleet 4 2 Livery 5 References 6 Further reading 7 External linksHistory Edit A former Air Seychelles Boeing 767 300ER in the airline s older livery A former Air Seychelles Airbus A330 200 landing at Hong Kong International Airport Establishment Edit It was renamed Air Seychelles in September 1978 The airline began international routes in 1983 to Frankfurt and London 2 Investment Edit In February 2012 the United Arab Emirates national carrier Etihad Airways invested US 45 million in Air Seychelles for a 40 share in the airline following problems of management and profitability After operating at a loss for two years in a row Air Seychelles planned to restructure and re position itself to return to profit The airline entered into codeshare agreements with Etihad Airways and started flying to Abu Dhabi in March 2012 to connect to Etihad Airways network of destinations 3 On 16 March 2012 Air Seychelles announced a two year business plan including the renewal of its fleet leveraging Etihad Airways equity partnership known as Etihad Airways Partners which also includes Alitalia Air Serbia and Virgin Australia the introduction of Airbus A330 200 aircraft after over two decades of an all Boeing fleet increased frequencies to key destinations and closer cooperation with Etihad Airways 3 On 12 March 2015 Air Seychelles released their results for 2014 declaring US 3 2 million in net profits 3 Restructuring Edit In January 2018 Air Seychelles announced the closure of its sole long haul route Paris the return of its two Airbus A330 long haul aircraft and a focus on its regional network 4 The plan is aimed at ensuring the long term profitability and sustainability for the airline in response to rapidly increasing competition Remco Althuis Interim CEO said The launch of competing air services from Europe to Seychelles will significantly impact Air Seychelles flights to and from Paris which account for approximately 30 of total passenger revenue at the airline making the route unsustainable The airline will refocus on its domestic and regional networks with a reduced workforce 5 Corporate affairs EditOwnership Edit Air Seychelles was established and originally owned by the Government of Seychelles having purchased and merged several small aircraft operators into one airline Following problems of management and profitability Etihad Airways acquired a 40 percent stake in Air Seychelles in 2012 in a deal worth 45m On 1 May 2021 it was announced Etihad Airways sold its 40 stake back to the Government of Seychelles for 1 6 Business trends Edit The key trends for Air Seychelles over recent years are shown below as at year ending 31 December 2012 2013 2014 2015 2016 2017 2018Turnover US m 42 8 88 7 106 9 105 4Net Profits US m 1 1 3 0 3 2 2 1Number of employees at year end 536 629 650 727 787 725Number of passengers 000s 241 352 412 523 550 455Passenger load factor 50 60 66Number of aircraft at year end 10 10 7Notes sources 7 8 1 9 10 11 12 13 14 15 16 Services Edit Air Seychelles VIP is a specialised facility offering services for VIP passengers aircraft crew and aeronautical technical support including fixed base operation which is managed in conjunction with Royal Jet 17 The Air Seychelles Plus Programme has been fully integrated into Etihad Guest the loyalty programme of Etihad Airways since June 2012 18 Destinations EditAs of January 2020 Air Seychelles serves the following destinations 19 20 Country City Locality Airport Notes RefIndia Mumbai Chhatrapati Shivaji Maharaj International Airport 21 Israel Tel Aviv Ben Gurion Airport 22 23 Madagascar Antananarivo Ivato International Airport Seasonal 24 Mauritius Port Louis Sir Seewoosagur Ramgoolam International AirportSeychelles Bird Island Bird Island Airport Charter 19 20 Denis Island Denis Island Airport Charter 19 20 D Arros Island D Arros Island Airport Charter 19 20 Mahe Seychelles International Airport HubPraslin Praslin Island AirportSouth Africa Johannesburg O R Tambo International Airport 25 United Arab Emirates Abu Dhabi Abu Dhabi International Airport Terminated 26 Codeshare agreements Edit Air Seychelles has codeshare agreements with the following airlines 27 Air India South African AirwaysFleet Edit Air Seychelles Airbus A320neo Current fleet Edit As of May 2020 update the Air Seychelles fleet comprises the following aircraft 28 Air Seychelles fleet Aircraft In Service Orders Passengers NotesJ Y TotalAirbus A320neo 2 29 12 156 168 30 Viking Air DHC 6 400 Twin Otter 5 19 19Total 7Livery Edit In October 2011 after nearly 25 years in their livery using traditional red white and green local colours with two white terns Gygis alba the national bird of Seychelles Air Seychelles painted its first Boeing 767 300ER aircraft in the company s new colours The colours used on the tail end are blue green red and white References Edit a b c d Press release Air Seychelles posts third consecutive year of net profitability 12 March 2015 Retrieved 17 May 2015 History Air Seychelles 2 March 2015 Retrieved 26 May 2020 a b c Air Seychelles profits from successful expansion strategy 10 April 2014 Retrieved 16 May 2015 centreforaviation com Air Seychelles to suspend services and restructure fleet under strategic transformation plan 24 January 2018 Air Seychelles announces business transformation plan to safeguard long term profitability Press release Air Seychelles 23 January 2018 Retrieved 24 January 2018 Etihad divests full stake in Air Seychelles 1 May 2021 Retrieved 2 May 2021 Air Seychelles profits from successful expansion strategy 10 April 2014 Retrieved 17 May 2015 Press release Air Seychelles posts second consecutive year of net profitability 10 April 2014 Retrieved 17 May 2015 Our Fleet Archived from the original on 26 February 2016 Retrieved 17 May 2015 Air Seychelles posts 6 6 rise in net profit 12 March 2015 Retrieved 17 May 2015 Air Seychelles records profitability in 2015 3 May 2016 Retrieved 15 July 2019 Air Seychelles honours long serving staff at special awards ceremony 29 January 2017 Retrieved 16 July 2019 Air Seychelles celebrates new passenger record of 550 000 30 December 2016 Retrieved 16 July 2019 Air Seychelles Announces Radical Transformation Cancels Longhaul Flights 23 January 2018 Retrieved 16 July 2019 Air Seychelles celebrates the achievement of its Seychellois female workforce on International Women s Day 8 March 2019 Retrieved 18 July 2019 Air Seychelles ground handling and cargo business record strong performance in 2018 13 March 2019 Retrieved 18 July 2019 airseychelles com Air Seychelles VIP retrieved 18 February 2018 Our loyalty programme Air Seychelles 13 March 2015 Retrieved 26 May 2020 a b c d Route Map PDF Air Seychelles Retrieved 18 December 2017 a b c d Timetables publisher Retrieved 18 December 2017 Air Seychelles to increase frequency on its Mumbai route Air Seychelles 4 March 2019 Air Seychelles to launch weekly direct flights to Tel Aviv in November 2019 Air Seychelles 9 July 2019 Retrieved 11 July 2019 EPSTEIN SONIA 9 July 2019 Air Seychelles to link Israel with Indian Ocean islands by November Jerusalem Post Air Seychelles to operate seasonal flights to Antananarivo Air Seychelles 13 February 2019 Air Seychelles expands Johannesburg service to daily flights Air Seychelles 5 March 2019 Air Seychelles to adjust its regional network as part of business transformation plan Air Seychelles 1 March 2019 Archived from the original on 22 March 2019 Retrieved 1 March 2019 Codeshare Partners Air Seychelles Our Fleet Air Seychelles Archived from the original on 12 October 2019 Air Seychelles takes delivery of maiden A320neo ch aviation com 1 August 2019 Archived from the original on 2 August 2019 Retrieved 19 September 2019 Air Seychelles Celebrates The Arrival Of Africa s First A320Neo On Hometurf airseychelles com 2 August 2019 Archived from the original on 8 August 2019 Retrieved 19 August 2019 Further reading Edit Air Seychelles registers sold performance for 2Q2013 and 1H2013 Centre for Aviation 5 September 2013 Archived from the original on 16 December 2017 External links Edit Media related to Air Seychelles at Wikimedia Commons Official websitePortals Africa Aviation Retrieved from https en wikipedia org w index php title Air Seychelles amp oldid 1146201631, wikipedia, wiki, book, books, library,
