Corendon Airlines grabs opportunities

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Corendon Airlines grabs opportunities
Oluşturulma Tarihi: Haziran 30, 2009 00:00

ANTALYA - Corendon Airlines, a Turkish-registered aircraft operator, has created opportunities out of the crisis by introducing new destinations, the firm’s manager said, revealing that the firm aims to reap $100 million in turnover this year.

Corendon, based in the southern tourism city of Antalya, carried 592,000 passengers from Europe to Turkey and several other countries last year with three aircrafts, said Yıldıray Karaer, managing director and partner of the firm.

Noting that Corendon has oriented toward new markets, Karaer said the firm expanded its fleet this year by purchasing two Boeing 737-400 jets. It launched the season with five aircrafts and has carried over 170,000 passengers within a period of five months, Karaer said.

"We have added Poland, Denmark, Estonia, Kosovo, Bosnia and Herzegovina, Romania, the Czech Republic, Estonia and Macedonia as new destinations. In the first five months of the year, we carried over 170,000 passengers. And we aim to increase the figure to 1 million passengers by the end of 2009," said Karaer.

Corendon collected $75 million in turnover in 2008. "We aim to attain $100 million in turnover this year. We increased our turnover by 26 percent within the first five months compared to the corresponding period of last year."

Karaer said the advantage in dollar-euro parity and the low level of fuel prices compared to last year have played a role in the rising turnover. "Last year, fuel constituted 36 percent of our costs, but now this rate has dropped to 26 percent," he noted.
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