Index

 12 February 2008

 
IATA to team up with newcomer Eagle Air
Jakarta

Publicly listed charter airline PT Indonesia Air Transport (IATA) is seeking to team up with newcomer Eagle Air to provide flights to remote areas across the country, a company executive says.

IATA newly appointed president director Hartono Tanoesoedibjo said Monday the cooperation was part of IATA's expansion efforts to provide flights in areas not currently served by regular airlines.

"In the future, we will not only serve charter flights. We will expand our business to provide regular flights, as well, by becoming feeders to regular flights that will connect main cities with remote areas," he said.

Eagle Air, which just recently obtained an operation permit from the ministry of transportation, would provide regular flights to big cities while IATA would provide smaller airplanes to transport Eagle Air passengers to remote cities, said Hartono.

The airlines will initially serve areas mostly in eastern Indonesia, including Bali, Lombok, Sulawesi and Kalimantan.

Hartono said the airlines planned to start the operation in the first quarter of this year.

"We are still calculating the total investment. We may purchase or lease between 20 and 25 aircraft for the new business," said Hartono, adding that IATA might also consider adding an international route from Sumatra to Malaysia.

The new business is expected to increase IATA's revenue by up to Rp 240 billion (US$25.5 million) this year, or about 10 percent higher that last year's revenue of Rp 219 billion.

The company recorded a net profit of Rp 4.4 billion last year.

[Main Page] [Client Needs] [Country Focus] [Financial Services]
[Confidentiality] [Management Team] [Information System]
[Site Map] [Contact Us]

 

PT Corfina Mitrakreasi
Menara Kebon Sirih 21st Floor, Jl. Kebon Sirih 17-19
Jakarta 1034, INDONESIA
Tel:(62-21) 392-2401  |  Fax:(62-21) 392-2403
e-mail: marketing@corfina.com