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Bangkok Aviation Fuel Services plans to raise aviation fuel service charges

Bangkok Aviation Fuel Services Public Company Limited (BAFS) says it plans to increase aviation fuel service charges…

Bangkok Aviation Fuel Services Public Company Limited (BAFS) says it plans to increase aviation fuel service charges when Suvarnabhumi Airport is opened for commercial services next year.

Chatthai Panthai, manager of the company`s Financial and Accounting Department, disclosed the firm was set to come up with the new fuel service charges in 2006. But how much the charges would increase has yet to be determined.

In the past two years, he said, the company had annually raised the charges by around 10%. Still, it had not yet increased them this year because it needed to wait for a shift in the international airport from Don Muang Airport to Suvarnabhumi Airport first.

Currently, the aviation fuel service charge is fixed at US$2.58 per gallon.

Mr. Chatthai said the company`s revenue for this year was expected to grow by 3% from 1.02 billion baht last year unless the opening of the new international airport was postponed.

He added the continued crude price hike had not had any impact on the company`s operating performance.

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