SE Asia cargo growth on the rise.
But where’s the capacity?
Like other carriers in the region, Ong is focused on China and India rather than the closer markets in Southeast Asia. Ironically, this preference comes as the region is showing sustained growth, particularly from up and comers such as Vietnam and the Philippines, where export economies were struggling not long ago.
“The whole region is showing more activity and confidence,” said Chris Coppersmith, president and chief executive of Target Logistic Services.
Despite the rising demand for lift out of Southeast Asia, many of the area’s carriers show scant interest in cargo. Vietnam Airlines, Thai Airways and Garuda Indonesia don’t operate freighters and have given no indication that they’re looking at cargo aircraft soon. Instead, they’ve cultivated interline and code share agreements to move freight. Garuda, which is negotiating with up to five undisclosed airlines, does not even mention cargo in its products and services listing on the corporate Web site.
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