REPUBLIKA.CO.ID, JAKARTA -- State-owned airport operator PT Angkasa Pura (AP) II said it would ask its subsidiaries to improve performance to increase their contributions to its income in 2017.
Angkasa Pura II wanted its three subsidiaries - PT Angkasara Pura Kargo, PT Angkasa Pura Propertindo and PT Angkasa Pura Solusi - to increase their contribution to its total income to 12 percent in 2017 from 7 percent at present. "In 2016, the income of the three subsidiaries is predicted to reach Rp500 billion. In 2017, the contribution is expected to grow with double digits," Chief Executive of Angkasa Pura II Muhammad Awaluddin said at the Soekarno-Hatta airport, Banten on Friday.
Awaluddin said transformation has been launched to improve the performance of the subsidiaries through synergy in business lines. "Business transformation is made with portfolio management under which subsidiaries serve as accelerator to create higher value," he said.
PT Angkasa Pura (AP) Kargo, which handles logistic service would be developed into a cargo service provider not only serving logistics in 13 airports of AP II but all over the country. "Integrated logistic system of AP Kargo could become a regional service hub," he added.
Angkasa Pura (AP) Propertindo, which was established only on 20 April 2016 is charged with the duty of developing business zones in all airports of AP II. "AP Propertindo will manage tenants at airports, MICE area, buildings, airports and business consultations, including construction of transit hotels in a number of AP II airports," he said.
PT Angkasa Pura (AP) Solusi will focus on development of integrated system of Information Technology (IT) through the program of "Go Digital" as the spearhead in serving the stakeholders. "AP Solusi will serve passengers before they come to airport, until their arrivals in their respective destinations," he said.
Awaluddin said currently the income of AP II is still dominated by aero-services accounting for 70 percent with non-aero services contributing 30 percent to the total income. "The transformation is expected to result in an equal split 50:50 in the contribution to the income of the corporation in 2018," he said.
In 2016, the income of AP II, according to its working plan is set at Rp6.9 trillion. "But I hope with hard work, to overshoot the target to reach Rp7 trillion," he added.