Wed, 01 Dec 1999

Cathay upbeat on RI flights

JAKARTA (JP): Cathay Pacific expressed optimism on Indonesia's recovery under the newly elected leaders and launched on Tuesday new uniforms and a new first class.

Country manager James W. Ginns said that under the country's newly elected leaders, Indonesia had shown signs of economic recovery.

"The company is optimistic that the improvement will favorably influence business," he said.

As the economy is picking up, the company believed that the favorable conditions would increase the load factor from 76 percent to 85 percent next year, he said.

"We also expect a 25 percent surge in revenue next year," he told a media briefing at the launching.

"These products and services are the completion of a major part of the airline's multimillion dollar investment, which has included the launch of a new first class, new uniform, new airport facilities and new corporate headquarters," Sarah Blomfield, the company's product manager, said.

Cathay serves Jakarta, Denpasar and Surabaya with 19 flights weekly. (06)