Fischer Air Polska gears up to double its passenger figures

"By the end of 2006 we will transport 500,000-600,000 people," declared Fischer Air Polska managing director Adam Wychowaniec. The carrier began to operate on 14 May 2005 and generated revenues of zł.100 million in 2005. "This year we expect sales at around zł.300 million," stated Krzysztof Szymański from the board's office. The company now has USD 1 million of own capital and USD 5 million of working capital, but within the next several days its own capital is to be raised. The carrier plans to increase the number of charter flights, build its own training center for pilots and introduce long-distance flights to new destinations such as Cuba, Venezuela and Mexico. It also means that the company will have to add new planes to its fleet. Fischer Air Polska estimates that its share of the charter flights market in 2005 amounted to around 20% and hopes to increase the figure to 45% by the end of this year. The company believes that it will strengthen its position mainly thanks to long-distance flights which allow to avoid the seasonality of revenues in the tourist sector. (Puls Biznesu, p. 7) E.B.