Firefly Airlines will start jet operations from 1Q2021, as part of parent Malaysia Aviation Group (MAG)’s revamped long-term business plan, with a focus on strengthening the revenue streams of each subsidiary as its premium carrier brand Malaysia Airlines (MAB) teeter on the brink.
Under the plan, Firefly will add up to 10 narrow body jets to its fleet in phases, serving the domestic, South-east Asia and Asia-Pacific markets out of Penang International Airport.
The setup of Firefly’s Penang hub jet operations requires minimal investment by MAG next year
The low-cost carrier will be complementing sister company MAB in serving the leisure market, while diversifying its base connecting secondary cities in Malaysia to East Malaysia, Thailand, Indonesia and Singapore.
It will leverage on available resources and talents from within MAG, with the possibility of deploying the Boeing 737-800 aircraft from MAB. This will give the national carrier room to focus on its network serving the premium market, according to MAG.
MAG CEO Izham Ismail said: “Based on available forecasts, domestic and short-haul travel will be most preferred in the current environment, hence, it makes commercial sense for Firefly to supply this demand from the northern region. This is in line with the group’s enhanced Long-Term Business Plan, which has been realigned to suit the current and future environment post-Covid-19, with a focus on strengthening the revenue streams of each subsidiary.”
With the new jet operations, Firefly will offer a flexible service concept, with product unbundling to suit the leisure-focused and price-sensitive customers, providing a more significant value proposition.
The setup of Firefly’s Penang hub jet operations will require minimal investment by MAG in 2021, with an expected increase in production, measured in average seat per kilometre, by 36 per cent over the next five years, MAG said.
Firefly Airlines will start jet operations from 1Q2021, as part of parent Malaysia Aviation Group (MAG)’s revamped long-term business plan, with a focus on strengthening the revenue streams of each subsidiary as its premium carrier brand Malaysia Airlines (MAB) teeter on the brink.
Under the plan, Firefly will add up to 10 narrow body jets to its fleet in phases, serving the domestic, South-east Asia and Asia-Pacific markets out of Penang International Airport.
The low-cost carrier will be complementing sister company MAB in serving the leisure market, while diversifying its base connecting secondary cities in Malaysia to East Malaysia, Thailand, Indonesia and Singapore.
It will leverage on available resources and talents from within MAG, with the possibility of deploying the Boeing 737-800 aircraft from MAB. This will give the national carrier room to focus on its network serving the premium market, according to MAG.
MAG CEO Izham Ismail said: “Based on available forecasts, domestic and short-haul travel will be most preferred in the current environment, hence, it makes commercial sense for Firefly to supply this demand from the northern region. This is in line with the group’s enhanced Long-Term Business Plan, which has been realigned to suit the current and future environment post-Covid-19, with a focus on strengthening the revenue streams of each subsidiary.”
With the new jet operations, Firefly will offer a flexible service concept, with product unbundling to suit the leisure-focused and price-sensitive customers, providing a more significant value proposition.
The setup of Firefly’s Penang hub jet operations will require minimal investment by MAG in 2021, with an expected increase in production, measured in average seat per kilometre, by 36 per cent over the next five years, MAG said.