• AVIATION INDUSTRY: EAGLEXPRESS AIR CHARTER EYES US$100 MLN REVENUE BY END-2012
    16 Jan 2012, 06:27pm BY Abdul Ghoni Ahmad

    New local airline charter Eaglexpress Air Charter Sdn Bhd hopes to achieve a revenue of US$100 million by year-end, driven by demand from travel agencies and scheduled flight operators.

    The company is also hoping to to double its revenue in the second year of operation to reach US$200 million.

    "We have 2 destination which we have not confirm yet because we are still working on the rates with them, but it is more or less gonna be tight up this week, either to Australia or South Afica, thats the holiday carter, the umrah will start at the end of February and early March," said Eaglexpress Air Charter Sdn Bhd CEO, Azlan Zainal Abidin.

    The airline is expected to receive another two Boeing B747-400 aircrafts from Penerbangan Malaysia Bhd in addition to the one they already own.

    Another eight aircrafts, with a total investment of US$200 million are also expected this year, 20 aircrafts in the next three to five years.

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