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tate-owned airport operator PT Angkasa Pura II (AP II) is eyeing higher revenue and profits this year, banking its hopes on the operation of new terminals, including the newly expanded Terminal 3 at Soekarno-Hatta International Airport in Tangerang, Banten.

'€œWe expect greater contribution from the planned operation of Terminal 3 Ultimate [at Soekarno-Hatta airport], as well as the newly operated airport terminals in Bandung, Jambi and Pontianak,'€ AP II finance director Andra Y. Agussalam said on Wednesday.

Andra said the company expected revenue to jump 35 percent to Rp 7.5 trillion (US$541.1 million) this year from the corresponding period last year.

The same trend was observed with its profits, which are expected to increase 14.2 percent to Rp 1.6 trillion this year from around Rp 1.4 trillion last year.

Regarding the expanded Terminal 3 Ultimate, the company said the terminal would have a 15 million passenger capacity for the first phase scheduled to be in operation by May and 25 million passengers upon its full operation.

Construction has reached 93.9 percent completion, according to the company'€™s data.

The additional revenue expected from the Terminal 3 Ultimate alone was Rp 508 billion for its aero business and Rp 330 billion from the non-aero business, said AP II commercial and business development director Faik Fahmi.

'€œThat goes with the assumption that the terminal would start operating in May. We will really see the impact in 2017,'€ he said, referring to the full operation of the terminal.

The company has invested Rp 10 trillion for the construction of the 42.2 hectare terminal, as well as water and electricity system, among others, sourced from loan and internal capital of the firm.

The expanded terminal was intended to ease traffic at the crowded airport, which can only accomodate 25 million passengers annually, yet currently welcomes over than 62 million passengers annually.

AP II, which manages 13 airports in the western part of the country, expects to increase the capacity of the terminal to 65 million passengers.

'€œAs passenger growth is around 5 percent annually, and tolerance for the capacity is around 20 to 30 percent, we would be able to accommodate 80 million by around 2017,'€ AP II president director Budi Karya Sumadi said.

National flag carrier Garuda Indonesia would move its flights to the new terminal by May, accompanied by the international airlines of SkyTeam, including Air France, China Airlines and Korean Air.

 '€œWe will also build a hotel and commercial area [around the terminal],'€ Budi said, adding that the company would synchronize the final launch with the railway heading to the airport, which was expected to see completion by February 2017.

Apart from the new terminal, the company also stated that its subsidiaries to be launched this year in the cargo and property retail sector would also add to the company'€™s revenue, as well as the planned increase in non-aero business to 45 percent this year from 34 percent in the previous year.