ER
PT ANGKASA Pura II developed a new business concept called adjacent business to increase the company’s revenue in 2020.
According to the Managing Director of Angkasa Pura (AP) II Muhammad Awaluddin said so far the revenue generated from the aeronautics and nonaeronautics business that has been done for decades, including through airport management, airport capacity building and the establishment of special areas at the airport.
“This year we introduce the concept of adjacent business as a strategy to accelerate business growth. This year the target can reach IDR130 billion or 1 percent of total revenue reaching IDR12.8 trillion,” Awaluddin said in a press release.
He added that the implementation of adjacent business is to generate revenue from new business lines. This means that the company can expand its market without moving away from its core business.
He also mentioned that if only relying on income from the core business, then the company’s financial performance growth tends to be natural. The adjacent business implementation is expected to accelerate the growth.
He explained that the adjacent business that has been carried out this year is strengthening the portfolio of five subsidiaries, developing the aircraft repair business or maintenance, repair, overhaul (MRO), and a strategic partnership program for Kualanamu Airport.
“This concept is the development of a business portfolio as part of the business transformation and business portfolio launched since 2016,” he said.
Awaluddin claimed to have formed a special unit to ensure the adjacent business concept runs optimally. This division has the Airport Solutions brandline which is expected to be able to provide various solutions related to operations, services, and facilities at the airport. [photo special]
