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New carriers take off on landing slots, assets given up by incumbents in Covid-linked turmoil

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Tay Peck Gek

Tay Peck Gek

Published Wed, Aug 30, 2023 · 05:00 AM
    • Carriers that entered the market after the pandemic began, such as Greater Bay Airlines, will still need to find their niche.
    • Carriers that entered the market after the pandemic began, such as Greater Bay Airlines, will still need to find their niche. PHOTO: BLOOMBERG

    COVID might have decimated travel and clipped the wings of many carriers in the past three years, but it also created opportunities for several new airlines.

    These new carriers are subject to the same stiff market competition and the usual turbulence of high fuel prices, analysts said, but they do have a rare chance to ride post-pandemic tailwinds.

    Mohshin Aziz, an analyst at Pangolin Investment Management, which has a fund investing in travel-related stocks, said it is no surprise that new airlines have taken off in recent years.

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