28 Feb 2005

Air Vanuatu's CEO seeks profit in next financial year

3:25 pm on 28 February 2005

Air Vanuatu's newly appointed chief executive officer says he aims to have the national carrier turning over a profit in the next financial year.

Terry Kerr says there are plans to consolidate operations after the airline lost almost 2 million US dollars in the last financial year.

He says at this stage they are working with code-share partners, and developing a merger with Vanuatu's domestic service, VanAir.

Mr Kerr says the introduction of a second 737 aircraft last year, which was unsuccessful, put huge financial strains on the company.


So before we start looking too far forward in the future, we are going to consolidate on what we do best and that is enhance our existing operation, and go back to being a profitable airline, over the next eighteen months. 23

Terry Kerr, the CEO of Air Vanuatu.