Monday, April 16, 2012

Susi Air revenue target of IDR 240 billion


PT ASI Pudjiastuti Aviation, owner of Susi Air airline set a revenue target of IDR 240 billion, up 20% compared to last year's revenue of IDR 200 billion. This target is followed by the company's plan to issue bonds to meet capital expenditure in 2012 amounted to U.S. $ 100 million.

Susi Pudjiastuti - Susi Air President Director - said, this target is realistic for them. The average passenger of Susi Air in 2011 has more than 40,000 passengers per month, rising on average than the 2010 rate of 30,000 per month.

"We are targeting to carry 50,000 passengers per month this year, and this is what will boost our revenue," Susi said.

Unfortunately, Susi did not want to talk about the company's performance in the first three months of this year. Susi just said, this target is reasonable to achieve because Susi Air has won the pioneer route to the budget ceiling of USD 25 billion in the Budget Authorization Holder (KPA) Kalimantan as many as 15 routes.

This year, Susi Air is also preparing to issue bonds related to capital spending requirements that are used to buy 16 new aircraft. "If we do not get loans from banks, could have issued bonds to cover capital expenditures. Because the internal cash only able to cover capital spending by 20 percent, "Susi said.