AdamAir plans to triple fleet in the next five years

SYDNEY (Centre for Asia Pacific Aviation) - AdamAir’s President Director, Adam Suherman, confirmed the following strategic plans:

  • IPO: Planned for 2007 or 2008 in Singapore;
  • Network: Primarily focussed on the domestic market, particularly eastern Indonesia. Plans to launch 15 new services (domestic and international) in 2006, including Jakarta-Kuala Lumpur and Denpasar-Perth, and also to China and India in the next five years;
  • Fleet: In discussions with Boeing and Airbus to purchase up to 20 new aircraft, with a decision likely to be made in early 2006. Plans to operate a total fleet of 50-60 aircraft in the next five years (currently 19 B737s);
  • Passenger numbers: Targeting up to eight million in 2006, compared to four million in 2005;
  • Fares: 25% higher than LCCs, but up to 30% lower than full-service carriers.

Read beyond the numbers each month in Airline Investor Monthly, covering in-depth analysis of Asia Pacific airline financial results and strategic developments. Written by Timothy Ross, formerly of UBS. Click the icon below for more information.