SEAIR Seeking New Investors

SEAIR International has revealed that it is open to discussions with potential investors that could finance the expansion of the airline. The carrier is seeking new investment in order to acquire more aircraft to open additional routes. 

seair dornier 328
Copyright Photo: Seair International
"We are talking to potential parties for investment in Seair International," said Nikos Gitsis, Vice-Chairman of Seair Intl. "We are looking for strategic partners for the new airline. It's all preliminary, but we are in talks with different parties, locally and internationally about investment in Seair International." He added that there have been discussions with some large carriers outside of the Philippines. 

Seair International currently maintains a fleet of three 30-passenger Dornier 328 aircraft and a single 19-passenger LET 410. The original Seair was once a well established carrier on the Manila-Caticlan route before partnering with Singapore-based Tiger Airways and shifting their business model to a low-cost carrier all-Airbus fleet. That Seair has since rebranded as TigerAir Philippines leaving Seair International, which secured its own airline operating certificate in November 2012, to refocus on the leisure market to Boracay. 

"Our plan now is to launch a flight once or twice per day to Caticlan. It will be a premium flight that is relatively affordable, but targeted towards guests of four or five star hotels like Shangri-La or Discovery Shores," said Gitsis. "It's going to be a scheduled flight but it will be with full service. There will be a lounge in the airport and there will be a service on board. It will all be premium style."

Gitsis added that Seair International plans to begin its scheduled flights to Caticlan by this December. The airline also plans to fly to El Nido, Busuanga, and Batanes.

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