Singapore Airlines Ltd. is optimistic about its prospects in the Philippines this year on strong domestic economy, its executive said.
“I think the outlook of the Philippine market is quite encouraging, I think the Philippine economy is one of those, which is relatively healthy. So, we are quite confident that the travel market will continue to grow,” Singapore Airlines executive vice president Mak Swee Wah told reporters after the airline’s 50 years anniversary event on Thursday night.
The Philippine economy grew 5.8 percent 2015, among the fastest in Asia, next to India, the People’s Republic of China and Vietnam.
Singapore Airlines operates 52 flights a week in the Philippines and plans to expand operations due to the country’s strong domestic economy.
“We already have a quite big operations here together with our subsidiary with 52 flights and we hope to continue to be able to grow both in terms of frequency as well as high capacity aircraft and in future maybe other points to serve. I think that will be our main thrust to see how to continue our network,” Mak said.
“The Philippine market clearly is important. The travel market is healthy and the fact that we have been in the Philippines for 50 years and operating 52 flights a week that makes the Philippine important part of our network,” he added.
The airline flies to Singapore from Cebu, Davao, Kalibo and Manila.
Singapore Airlines also teamed up with Bank of the Philippine Islands to offer a special promo for the bank’s cardholders.
Under the partnership, BPI cardholders can avail of discounted all-in fares to over 50 destinations around the world.
Philippine Airlines on Wednesday said it signed a deal with Airbus Group SE to acquire six A350-900 jets worth $1.8 billion, with an option to buy six others, to support its international expansion.
Asia’s first airline signed a memorandum of understanding with Airbus for the order of six A350-900s for $1.83 billion, with six purchase options, worth another $1.83 billion, or for a total of $3.66 billion at the sidelines of Singapore Airshow.
The list price for each A350-900 aircraft was $304.8 million.
“After a thorough commercial and technical evaluation, we decided the A350 will best meet the requirements of our expanding operations,” PAL president and chief operating officer Jaime Bautista said in a statement.
Bautista said the A350’s range capability was an important factor in the decision and would enable the airline to offer non-stop service on all premium long-haul routes.