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Enterprises

Air Laos eXpress

Route Network
Fleet
Aircraft Type owned leased overall leased out on order Ø age
ATR 72-500 0 4 4 0 0 9.4 yrs
ATR 72-600 2 0 2 0 0 9.1 yrs
CRJ 700 NextGen 0 4 4 0 0 8.2 yrs
overall 2 8 10 0 0 8.9 yrs
Subsidiaries and Investments

This list contains all subsidiaries controlled by this company as well as all shares in other enterprises greater than 30%.

Enterprise Headquarters Country Rating Share Symbol
This company currently does not hold any shares in other enterprises.
Information

Air Laos Express, based in Vientiane (VTE), is a feeder airline for its bigger parent company Air Laos. It connects small airports in South East Asia to the network of the Air Laos group.

ILs are welcome as long as you connect to our hub in VTE or we fly to a hub of yours.

News:
2016-10: Air Laos (now Air Laos Express) was taken over from Air Taiwan. An initial analysis revealed some major changes would be required to guarantee a long term success. The transition was immediately started, especially as the available funds were dangerously low already and many routes unprofitable.

2016-11: Although an immediate repositioning has been started, it is not sure yet whether the investment into new seats and an improved service will bring the required profitability quickly enough. As a note to all investors, it is yet unsure if we can pay all the outstanding liabilities on time. Initial bookings look promising yet regulatory limitations prohibit an injection of further funds.

2016-11: The bottom of the valley has been crossed and we are again on a steady path upwards. Yields per passenger have risen as have loads. The trimmed network seems to fit our size and the IL with our mother is crucial. The share price has also recovered from a low and our investors seem to have regained confidence.

2016-11: The second week closing after the take over has just been completed and we are proud to announce a profit margin of 21%. This result even includes a couple of bonus payments to our hard working and dedicated staff. We expect next weeks results to be slightly below as we are reducing our staff numbers to fit the current requirements.

2016-11: Finally we also could afford to reduce all surplus staff and have booked expenses of AS$ 570K in this period due to generous severance packages provided. This should get us now on a clear track for future organic growth with a maximized profitability.

2016-11: Our fourth week has finally proven our new strategy to be very successful. A profit of AS$ +600K and a net margin of 37% is a very promising result. The profits will enable us to further growth and investments into our network.

2016-12: The last few weeks allowed us to save enough money to further increase our fleet and we have now introduced our first jet, a CR700 from Bombardier. This allows us to provide even faster connections with better comfort for our clients.

General Information
Name Air Laos eXpress
Code 3Q
Alliance Quality Connect
Stock symbol LAOS
Headquarters Vientiane (VTE)
Country Lao
Parent company Air Laos
Managing director Matth
Founded 2016-10-10
Rating AAA
General statistics
Transported passengers 11,146,413
Transported cargo 0 CU
Stations 22
Fleet size 10
Staff 524
News
2018-10-10
14:31
ECOBIZZ International and Air Laos eXpress have signed a new interlining agreement.
2018-08-01
08:55
Rose Thai Airways and Air Laos eXpress have signed a new interlining agreement.
2017-03-12
10:30
Xara Arabian and Air Laos eXpress have signed a new interlining agreement.
2017-02-18
09:38
Khmer Airways and Air Laos eXpress have signed a new interlining agreement.
2017-02-02
10:07
Air Laos eXpress has opened a new station at Yangon.
2017-02-02
10:06
Air Laos eXpress has opened a new station at Tho Xuan.
2017-02-02
10:06
Air Laos eXpress has opened a new station at Dong Hoi.
2017-02-02
10:06
Air Laos eXpress has opened a new station at Haiphong.
2017-02-02
10:06
Air Laos eXpress has opened a new station at Vinh City.
2017-02-02
10:06
Air Laos eXpress has opened a new station at Nan.
2017-02-02
10:05
Air Laos eXpress has opened a new station at Hua Hin.
2017-02-02
10:05
Air Laos eXpress has opened a new station at Ranong.
2017-02-02
10:02
Air Laos eXpress has opened a new station at Cam Ranh Bay.
2017-01-23
14:44
Air Laos eXpress have shut down their station at Istanbul.
2017-01-23
14:44
Air Laos eXpress has opened a new station at Istanbul.
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