Archive for November 27th, 2007

Indonesia’s Adam Air announces fleet expansion plan for next 5 years

In a report from AFP, a representative of Indonesia’s low cost carrier, Adam Air, stated last Friday that the airline was planning to increase its fleet size to between 50 and 60 jets over the next five years.

Adam Air’s representative, Danke Dradjat, said the carrier had not yet decided whether it would continue to use Boeing 737 series aircrafts or whether it would change to the Airbus series.

However, the terms and conditions stipulated by the two companies would play a deciding factor, said Mr Dradjat.

While it is unsure how much the airline would spend to expand it fleet size, Dradjat told AFP that the airline’s expenses were rapidly increasing due to the rising number of low cost carriers in India and China, making leasing more costly.

An incident involving one of its aircrafts crashing in January killing 102 passengers onboard saw passenger numbers drop however Dradjat says these numbers have since improved.

“We had quite a bad time, the first and second month after the accident, but then conditions rebounded very quickly, especially after the Garuda accident, when people saw it could happen to any airline,” Dradjat said.

In February this year, one of its 737- 300 aircrafts suffered a crack in its fuselage. 13 employees of Adam Air were also arrested by police for attempting to embezzle departure tax money using passenger information.

Source: http://www.etravelblackboardasia.com/

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Indonesia`s Rajawali to establish airline in Cambodia

Jakarta (ANTARA News/Asia Pulse) - Indonesia’s Rajawali Group and PT Ancora Internasional, in cooperation with the Cambodian government, will establish a Cambodian flag carrier, based on a memorandum of understanding signed in Phnom Penh last week.

Rajawali and Ancora will have 49 per cent of the shares and the Cambodian government would hold majority shares of 51 per cent, Rajawali managing director Darjoto Setyawan said.

Details including the investment cost had yet to be studied, Setyawan said.

Source:
Business in Asia Today - NOVEMBER 26, 2007
published by Asia Pulse

ANTARA News

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