By IANS/WAM,
Abu Dhabi : Air Seychelles Wednesday posted its third quarter revenues of $13.8 million, up 23 percent compared to the second quarter.
UAE’s Etihad Airways has 40 percent shareholding in Air Seychelles and a five-year management contract.
The revenue growth was led by a 51 percent quarter-on-quarter increase in passengers, up from 53,066 to 79,887, as seat factors rose from 43 percent to 60 percent.
Cramer Ball, CEO of Air Seychelles, said: “The scale of the task in turning around this company has been significant. There is a fantastic business here based on enthusiastic and committed people, but it needed a more effective commercial focus. Working together, we have been able to bring that new focus to bear.”