Bangkok Airways forecasts 29% growth in 2011 revenues

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Bangkok Airways has projected that its 2011 revenues will grow by 29% from last year on strong growth in both its domestic and international services.

The privately held carrier said it is targeting minimum revenues of baht (Bt) 10.6 billion ($356 million) this year, up from Bt8.3 billion in 2010. Revenues for the first half of 2011 reached Bt5.2 billion, said the airline.

Passenger numbers are likely to reach 3.1 million in 2011, up by 17% from last year. The airline's most popular destinations are Koh Samui, Phuket and Chiang Mai, and its Bangkok-Mumbai and Bangkok-Dhaka services have been "well-received".

Bangkok Airways recently inked a codeshare agreement with Singapore-based regional airline SilkAir. It will also deepen its codeshare partnership with Finnair, Malaysia Airlines and India's Kingfisher Airlines to "drive more traffic to Thailand", said the airline.

The airline plans to add three more aircraft to its fleet within two years. The first of two 144-seat Airbus A319s is scheduled to be delivered in November 2011 and the second in February 2012. A 162-seat Airbus A320 is expected to arrive in October 2012.