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Jakarta Post

Cardig Aero Services targets maximum 15% revenue growth in 2017

  • News Desk

    The Jakarta Post

Jakarta   /   Tue, June 20, 2017   /   12:42 pm
Cardig Aero Services targets maximum 15% revenue growth in 2017 Members of the board of directors and commissioners of PT Cardig Aero Services are pictured at the company's annual general shareholders meeting in Jakarta in this June 30, 2016 file photo. (Courtesy of http://pt-cas.com/File)

Publicly listed aviation support and food services company PT Cardig Aero Services is targeting a 10- to 15-percent increase in this year’s revenue from Rp 1.78 trillion (US$133.97 million) in 2016.

Finance director Danar Wihandoyo said on Monday that the company was trying to achieve this year’s target by expanding its business to provide catering services for companies in industrial estates.

Cardig Aero Services' business currently includes cargo and ground handling services, food catering, aircraft cleaning and flight simulator training. Its cargo and ground handling services contributed 78 percent to the 2016 revenue.

“Food catering for companies in industrial estates offers big potential besides that for inflight passengers and mining companies in remote areas,” he added.

The company, established in 2009, has been providing inflight catering services for major carriers such as Qatar Airways and Etihad Airways.

Danar said that the company planned to spend Rp 800 billion to Rp 850 billion in capital expenditure in 2017, part of which had been used to acquire 51 percent shares in Jakarta Aviation Training Center. (rdi/ags)