JAKARTA - Angkasa Pura Airports allocated 50 billion IDR to establish subsidiaries engaged in the retail business sector in the airport environment. The formation of the subsidiary is to increase revenues from non-aeronautical side. "Investment is prepared for the new subsidiary is around 50 billion. Meanwhile, working capital ranging from 10 billion to 20 billion IDR," said President Directors Angkasa Pura Airports in Jakarta last weekend.
In the early stages of the subsidiary will operate the retail, particularly food and beverages business (F & B) in Sepinggan Airport, Balikpapan, East Kalimantan. Furthermore, the company is ready to work on other airports under the management of AP I. Tommy revealed, in order to strengthen the performance of its subsidiary, Angkasa Pura Airports will be holding several well-known brands in the field of F & B. "The formation of this new subsidiary has bright prospects, because the retail segment in the airport is promising," he added.
Previously the Corporate Secretary Angkasa Pura Airports Farid Indra Nugraha said, by the end of this year the company targets revenue 3.2 trillion IDR, an increase of 10.34% compared to 2013, reaching 2.9 trillion IDR. Most of the revenue in the last year it is still supported from non-aeronautical, i.e. income from outside PJP2U.
"From last year's revenue of 2.9 trillion IDR, 60% came from non-aeronautical, such as commercial areas, cargo and tenants. Meanwhile, the remaining 40% derived from PJP2U," said Farid. While related revenue targets in 2014, Angkasa Pura Airports still focus on income from non-aeronautical. The Company was ready to pour capital expenditure of 6.5 trillion IDR until the end of this year. "The investment budget is for the development of a number of airports. We are targeting this year there is an increase of non-aeronautical up to 300%," he said. [Diani Sekaring Sejati / Source: Seputar Indonesia]
