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Hot Stock APFT active, up on flight charter plans

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Hot Stock APFT active, up on flight charter plans Empty Hot Stock APFT active, up on flight charter plans

Post by Cals Thu 25 Sep 2014, 01:15

Hot Stock APFT active, up on flight charter plans
Business & Markets 2014
Written by Surin Murugiah of theedgemalaysia.com   
Wednesday, 24 September 2014 09:21

KUALA LUMPUR (Sept 24): APFT Bhd shares were actively traded and rose after it said it would deploy two aircraft for its charter services next year, as part of its plan to monetise its assets.
At 9.03am, APFT added 5.56% or one sen to 19 sen with 3.13 million shares done.
"We have secured necessary approval from the DCA [Department of Civil Aviation], to operate flight charter services as early as next year. This is expected to contribute positively to our earnings, though at initial stage, the contribution will not be significant," the flight training provider’s Executive Chairman Datuk Faruk Othman.  told reporters after signing a contract to provide aviation training with German-based Lufthansa Technical Training GmbH, here yesterday.

"Our routes are currently being finalised and we are targeting to provide local connectivity in the east coast, especially Kelantan and Terengganu," he added.

Currently, APFT has three helicopters and 39 aircraft used for flight training purposes, with fleet age ranging from five to 10 year years.
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