Videos of the Week – Focus on LCCs from #CAPASummit

The CAPA LCCs in North Asia Summit 2017, which occurred in Osaka in June 2017, delivered some of the most thought-provoking discussions from a wide range of expert speakers.

Key discussions included:

  • LCCs – The Challenge of Cooperation?
  • Can South Korean LCCs Grow Revenue And Yield In Such A Crowded And Competitive Market?
  • Fleet Selection – What Are The Options For LCCs?


Head to Centreforaviation.TV for a full list of the discussions and CEO Updates.

LCCs – The Challenge of Cooperation?

LCCs are no longer islands in a sea of uncompetitive legacy airlines – to prosper many are having to embrace behaviour previously seen as the preserve of FSCs. To attract every last passenger, LCCs are having to learn how to cooperate with each other and with FSCs across many new platforms and in new ways. However cooperating is not always easy and the costs versus benefits may initially look unattractive.

Moderator: CAPA – Centre for Aviation, Managing Director, Stephen Pearse

Panel Members:

  • Hong Kong Express/U-Fly Alliance, Director Strategy & Regulatory Affairs, Philip Herbert
  • Vanilla Air, Senior Executive VP, Mio Yamamuro
  • VietJet, Member of Board of Directors, Cuong Chu
  • Spring Airlines, VP, Jonathan Hutt


Can South Korean LCCs Grow Revenue And Yield In Such A Crowded And Competitive Market?

South Korea’s LCC fleet is now over 100 aircraft, with a domestic traffic share of over 40%, and international share also climbing. But where to from here? Seoul and Busan are maxed out on slots, and early 2017 restrictions on operating some international charter services to China, whilst a relatively small impact on overall capacity, did create some unwanted issues for Korean LCCs looking to continue expanding. Jeju has promised to achieve 10m pax in 2017.  Can South Korean LCCs grow revenue and yield in such a crowded and competitive market?

Moderator: Embry-Riddle Aeronautical University, Assistant Professor June Lee

Panel Members:

  • Eastar Jet, CEO, Jong-gu Choi
  • Jin Air, Managing VP, Corporate Strategy Division, Kwang Lee
  • T’way Air,Managing VP, Hyung Yi Kim


Fleet Selection – What Are The Options For LCCs?

Fleet selection is one of the most important elements of airline planning and influences not only the network but ultimately what can be provided to customers. For LCCs there are a variety of options to consider: only go with new aircraft (Peach), or exclusively very old aircraft (Jeju)? Lease or direct order from an airframer? What are the financial benefits of parent group purchasing (Jetstar Japan) versus independent action (Spring Japan uses 737s while Spring China is A320)? And decisions around aircraft type – operating not just widebodies but also larger narrowbodies (T’way 737-900ER)? What are some of the driving forces to consider regarding up-gauging: economics, new aircraft developments, slots or traffic rights? And finally, is there a role for dedicated airline leasing subsidiaries – such as Lion/Air Asia? This session will explore a range of fleet & finance issues relevant to LCCs.

Moderator: CAPA – Centre for Aviation, Senior Analyst, Will Horton

Panel Members:

  • Airbus, SVP Sales Japan, Jean-Pierre Stainnack
  • BOC Aviation, Head of Strategy & Market Research, Peter Negline
  • Boeing, Director of Marketing Japan, Yukio Kojima
  • Cranfield University, Lecturer in Air Transport Economics, Dr Chikage Miyoshi
  • Jeju Air, Head of Business Development & Fleet Planning, Hyuk Park


[perfectpullquote align=”full” cite=”” link=”” color=”” class=”” size=””]To witness important discussions like these, ensure you attend one of CAPA’s upcoming events and conferences, including the CAPA Australia Pacific Aviation & Corporate Travel Summit, scheduled for 1-2 August in Sydney, Australia. To learn more or register, visit[/perfectpullquote]

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