Thursday, 17 February 2011

Zest Air expects P8-b revenues, eyes more planes

by Jeremiah F. de Guzman
Manila Standard
http://www.manilastandardtoday.com/insideBusiness.htm?f=2011/february/17/business2.isx&d=2011/february/17

Budget carrier Zest Airways expects passenger volume and revenues to rise significantly this year as it beefs up fleet and increases flights.

Zest Air president Alfredo Yao told Manila Standard in a phone interview that the carrier would launch regular daily flights between Kalibo and Beijing by the end of February or early March.

Yao, who also owns beverage company Zest-O Corp., said Zest Air was expecting delivery of two more Airbus 320s in April as part of a fleet expansion and planned to end the year with at least 10 Airbuses.

The carrier bought an Airbus 320 and leased one in December to bring its fleet to six Airbuses and four Modern Ark 60s.

“We are looking at over 2.5 million passengers this year from around 1.5 million passengers we handled in 2010,” Yao said. “We are also expecting a boost in revenues to P7 billion to P8 billion this year as a result of our continued expansion locally and regionally.”

Zest Air’s earlier plan to mount flights to Taipei, Palau, Singapore, Bahrain and Dammam remains in the pipeline and will depend on the delivery of more planes later this year.

“For the meantime, we will be focusing on China. We want to get at least a portion of tourists coming out of China,” Yao said.

He said flights from Kalibo to Incheon, Korea and Shanghai were getting good load factors. He said Zest Air was mulling over the introduction of flights from other Zest Air hubs to these destinations.

“We are currently expanding our operations to China as the market has over 50 million tourists last year,” Yao said.

Yao earlier said the airline planned to acquire wide-body aircraft in the third quarter of this year for long-haul flights to the Middle East.

The company plans to acquire two Boeing 777s for the long haul-flights, which may begin by the third or fourth quarter.

1 comment:

  1. kailan poh malalaman ang result?/ d2 sa zamboanga?? last feb.12 2o11 poh kame nag take ng exam???

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