Air Seychelles

Air Seychelles
IATA ICAO Callsign
HM SEY SEYCHELLES
Founded1977; 47 years ago (1977)
HubsSeychelles International Airport
AllianceVanilla Alliance
Fleet size7
Destinations12
Parent companyGovernment of Seychelles
HeadquartersMahé, Seychelles
Key peopleRemco Althuis (CEO)
RevenueIncrease US$ 106.9 million (2014)
ProfitIncrease US$ 8.4 million (2022)
Employees650 (2014)
Websitewww.airseychelles.com

Air Seychelles is the national airline of the Republic of Seychelles. Its head office is located at Seychelles International Airport on the island of Mahé and it operates inter-island and international flights and charter flights.

History

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

It was renamed Air Seychelles[citation needed] in September 1978. The airline began international routes in 1983 to Frankfurt and London.

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.

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.

On 12 March 2015, Air Seychelles released their results for 2014, declaring US$3.2 million in net profits.

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. 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.

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.

Business trends

The key trends for Air Seychelles over recent years are shown below (as at year ending 31 December):

2012 2013 2014 2015 2016 2017 2018
Turnover (US$m) 42.8 88.7 106.9 105.4
Net Profits (US$m) 1.1 3.0 3.2 2.1
Number of employees (at year end) 536 629 650 727 787 725
Number of passengers (000s) 241 352 412 523 550 455
Passenger load factor (%) 50 60 66
Number of aircraft (at year end) 10 10 7
Notes/sources

Services

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.

The Air Seychelles Plus Programme has been fully integrated into Etihad Guest, the loyalty programme of Etihad Airways, since June 2012.

Destinations

As of April 2023, Air Seychelles serves the following destinations:

Country City/Locality Airport Notes Ref
India Mumbai Chhatrapati Shivaji Maharaj International Airport
Israel Tel Aviv Ben Gurion Airport
Kazakhstan Almaty Almaty International Airport
Madagascar Antananarivo Ivato International Airport Terminated
Mauritius Port Louis Sir Seewoosagur Ramgoolam International Airport
Seychelles Bird Island Bird Island Airport Charter
Denis Island Denis Island Airport Charter
D'Arros Island D'Arros Island Airport Charter
Mahé Seychelles International Airport Hub
Praslin Praslin Island Airport
South Africa Johannesburg O. R. Tambo International Airport
Sri Lanka Colombo Bandaranaike International Airport
United Arab Emirates Abu Dhabi Abu Dhabi International Airport

Codeshare agreements

Air Seychelles has codeshare agreements with the following airlines:

Fleet

Air Seychelles Airbus A320neo

Current fleet

As of May 2020, the Air Seychelles fleet comprises the following aircraft:

Air Seychelles fleet
Aircraft In Service Orders Passengers Notes
J Y Total
Airbus A320neo 2 12 156 168
Viking Air DHC-6-400 Twin Otter 5 19 19
Total 7

Livery

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.


This page was last updated at 2024-02-15 17:20 UTC. Update now. View original page.

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