Thursday, January 23, 2014

Airport firm to expand after net profit takes off

Macau International Airport Co Ltd (CAM) wants to increase the number of international flights to the city after reporting a 171-percent increase in net profit last year.
The company said it would increase the number of international routes from 12 to 18, starting with a new service to Vietnam.
The ambitious plan comes after the airport company reported a second consecutive year of profit, after struggling through red ink since its foundation.
A much-anticipated route between Macau and the Indian capital of New Delhi may also be launched this year, a source within the airport company told us. The source said there could be good news “in the first half of this year”.
Indian low-cost carrier SpiceJet Airlines Ltd expressed an interest in flying the route in 2012.
India’s Directorate General of Civil Aviation approved the airline’s application last year, one year after it was first filed.
But the Civil Aviation Authority here said it had yet to receive a formal application. “We did not receive any flight application from SpiceJet for operating air services between Macau and any Indian cities,” said the aviation regulator.
23/01/14 Tony Lai/Macau Business Daily
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