Budget airline ever a-quest for savings

Centralwings, a budget airline owned by PLL LOT, is so determined to cut costs that it wants, in the long run, to move from Warsaw to a cheaper airport in its vicinity. Modlin, about 40km from Warsaw, is just one of the options. In the short term, the airline will transfer from Terminal 1 to Etiuda Terminal and swap primary European destination airports (like Gatwick) with secondary ones (like Stansted). Centralwings has a target of 1.32 million passengers this year, 0.81 million of which will fly on regular (unchartered) flights. This should give revenues of zł.0.5 billion by the end of this year. The company's new president, Maciej Kwiatkowski (three weeks in office), admits that it may be necessary to enlarge the company's share capital, which totals zł.5 million at present. He denies having a detailed timetable for purchase of new planes but, on the other hand, confirms that Centralwings will definitely not give up Boeings. According to initial estimates, Centralwings is to reach its break-even point in 2008, but this may change, depending on the firm's strategy. (Puls Biznesu, p.6) J.L.