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.

Susi Air will open a dozen new flight routes

The pioneer Airline, PT Asi Pudjiastuti aka Susi Air, plans to add dozens of new flight routes in Java, Kalimantan and East Indonesia.

Among the flight route to be opened it is, Cilacap-Yogyakarta, Cilacap-Semarang, Jakarta-Cilacap and some other routes across Jayapura.

In addition, there will be a flight route to Samarinda, East Kalimantan and Ketapang, West Kalimantan. Susi Air expansion is done after the company won the tender for subsidized routes in two aviation unit locations namely Samarinda and Ketapang.

Susi Pudjiastuti, Susi Air's chief executive officer said, adding the route taken to reach customers who want to travel to remote areas is still difficult to reach during flight access.

"We can not tell when to begin operating this new routes," said Susi. In addition, Susie is also reluctant to mention his business revenue last year and the target next year.

Besides doing business, Susi claimed that the opening of the new flight route for her devotion to the area. "Honestly, for the Java route I only do because of the dedication, not for profit," she said.  Although Susi claimed its difficult of running a airline business pioneer, but the aviation industry in Indonesia confident it will grow.

In order to open up new routes, Susi Air intends to add 15 aircraft types Cessna Grand Caravan this year. In addition she plans to buy a helicopter. About the addition of this fleet investment, Susi estimates an investment of U.S. $ 100 million to be obtained from bank loans.

Until the next three years, Susi intends to buy 33 aircraft with a count value of an investment of U.S. $ 300 million. In addition to relying on bank loans, Susi also open up opportunities for private investors to make the purchase.

Susi Air prefer to buy new planes with bank loans or private investors, rather than hiring a plane to meet operational needs. "If we rent, then the loss calculation. Due and leasing costs, far greater than buying new aircraft, "said Susi.