Air Canada, Delta and JetBlue are still interested in the Guyana market and the government has been engaging them in ongoing discussions to add Georgetown(GEO) to their route map, especially that Guyana will finally complete the expansion and modernization of the Cheddi Jagan Airport (CJIA) this year. The government is keen to have at least two big-name airlines land at the new airport before the end of 2018 to commemorate the opening.
One of the biggest concerns these airlines have had with Guyana in the past has been the high cost of jet fuel. Jet fuel at the CJIA was one of the most expensive in the region but has been reduced since the government broke the oil monopoly at CJIA. It has been confirmed by two airlines operating out of CJIA that the cost of jet fuel at the airport has been reduced.
While Guyana has been mostly an ethnic market, with few business travelers, this will change because business travel to Guyana is expected to triple by 2020 with the growth of the oil and gas sector. This will inevitably grow the aviation industry and will contribute additional revenue to these airlines. Business travelers are an important factor that airlines look at in choosing destinations.
One of the biggest concerns these airlines have had with Guyana in the past has been the high cost of jet fuel. Jet fuel at the CJIA was one of the most expensive in the region but has been reduced since the government broke the oil monopoly at CJIA. It has been confirmed by two airlines operating out of CJIA that the cost of jet fuel at the airport has been reduced.
While Guyana has been mostly an ethnic market, with few business travelers, this will change because business travel to Guyana is expected to triple by 2020 with the growth of the oil and gas sector. This will inevitably grow the aviation industry and will contribute additional revenue to these airlines. Business travelers are an important factor that airlines look at in choosing destinations.
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