Garuda Indonesia has signed an agreement with state-owned airport operator Angkasa Pura II at Jakarta’s Soekarno-Hatta Airport for development of a commercial cargo area, according to the Jakarta Globe.
The publication reports both penned a deal to develop AP II’s commercial area in the gateway’s cargo warehouse at Garuda’s cargo operational service area. The area is set span 23,000 square metres.
There will reportedly be revenue sharing between Garuda and AP II from the airfreight business, while Garuda targets growing its cargo business and is seeking to obtain a $269 million of cargo profit share in 2016.
Garuda Indonesia has 70 Cargo Service Centres (CSC) across Indonesia with 46 CSCs located in airports and 24 are in city centres, but is looking to expand its business to remote corners of Indonesia to support the rapid growth of domestic and international cargo shipping.