Cost control helped Air Serbia to return a profit last year.
Air Serbia, in which Etihad Airways owns a 49 per cent stake, yesterday reported a net profit of €2.7 million (Dh11.1m) for 2014 – its first full year of operations after its rebranding.
Revenues jumped 87 per cent to €262m from a year earlier on the back of a 68 per cent increase in passenger numbers to 2.3 million, the airline said.
Air Serbia, formerly known as Jat Airways, said that the induction of 10 new Airbus aircraft helped to significantly reduce its operating costs. It also refurbished five existing ATR aircraft.
“These results are a great achievement validating the effectiveness of our strategy,” said Dane Kondic, the chief executive of Air Serbia. “The profit we have delivered in 2014 … lays a solid foundation.”
James Hogan, the president and chief executive of Etihad, said Air Serbia’s continuing success “will depend on continued investment in its workforce and in innovative products and services”.
The highlights for Air Serbia in 2014 include the setting up of Aviolet, a charter brand that carried more than 90,000 passengers to Turkey, Greece, Egypt and Italy.
Air Serbia’s network of direct routes grew to 40 destinations in 30 countries. It also re-established a link in December between the Croatian capital of Zagreb and Belgrade, last flown 23 years ago.
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Engine: 3.5-litre V6
Transmission: eight-speed automatic
Power: 290hp
Torque: 340Nm
Price: Dh155,800
On sale: now
'Operation Mincemeat'
Director: John Madden
Cast: Colin Firth, Matthew Macfayden, Kelly Macdonald and Penelope Wilton
Rating: 4/5
COMPANY%20PROFILE
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Gully Boy
Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi
Rating: 4/5 stars
Essentials
The flights
Emirates, Etihad and Malaysia Airlines all fly direct from the UAE to Kuala Lumpur and on to Penang from about Dh2,300 return, including taxes.
Where to stay
In Kuala Lumpur, Element is a recently opened, futuristic hotel high up in a Norman Foster-designed skyscraper. Rooms cost from Dh400 per night, including taxes. Hotel Stripes, also in KL, is a great value design hotel, with an infinity rooftop pool. Rooms cost from Dh310, including taxes.
In Penang, Ren i Tang is a boutique b&b in what was once an ancient Chinese Medicine Hall in the centre of Little India. Rooms cost from Dh220, including taxes.
23 Love Lane in Penang is a luxury boutique heritage hotel in a converted mansion, with private tropical gardens. Rooms cost from Dh400, including taxes.
In Langkawi, Temple Tree is a unique architectural villa hotel consisting of antique houses from all across Malaysia. Rooms cost from Dh350, including taxes.
The bio
Job: Coder, website designer and chief executive, Trinet solutions
School: Year 8 pupil at Elite English School in Abu Hail, Deira
Role Models: Mark Zuckerberg and Elon Musk
Dream City: San Francisco
Hometown: Dubai
City of birth: Thiruvilla, Kerala
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
More on Quran memorisation:
How to protect yourself when air quality drops
Install an air filter in your home.
Close your windows and turn on the AC.
Shower or bath after being outside.
Wear a face mask.
Stay indoors when conditions are particularly poor.
If driving, turn your engine off when stationary.
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Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
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Label: Parlophone/Atlantic
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Sectors: Internet, e-commerce
Investments: Grants/private funding
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Started: 2020
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