November 23, 2017 10:10 PM ET

Airlines

Company Overview of PT Indonesia Airasia

Company Overview

PT Indonesia Airasia offers air transportation services. The company is based in Indonesia. PT Indonesia Airasia operates as a subsidiary of PT Fersindo Nusaperkasa.

,  

Indonesia

Founded in 2007

Phone:

62 215 050 5088

Key Executives for PT Indonesia Airasia

President Director and Chief Executive Officer
Compensation as of Fiscal Year 2017.

PT Indonesia Airasia Key Developments

Rimau To Acquire Indonesia Airasia

PT Rimau Multi Putra Pratama Tbk intends to acquire PT Indonesia Airasia. The shareholders of Rimau have approved the company’s plans to raise IDR 3.4 trillion through a rights issue to buy Indonesia AirAsia. Rimau will use 76% of the proceeds, or IDR 2.6 trillion, to buy Indonesia AirAsia’s perpetual securities that would eventually be converted into equity, Donny P. Pratono, commissioner of Rimau, said. “We see a good prospect in the airline business,” he said.

Indonesia Airasia Mulls IPO

PT Indonesia Airasia is planning to sell 25% to 30% of its stake via an initial public offering (IPO) towards the end of this year to fund business expansion, group Chief Executive Officer, Tony Fernandes said on August 7, 2017. He said the company plans to appoint foreign and local underwriters for the share sale. "We see that the IPO depends on market conditions, but we aim to undertake it for faster business growth and to increase the number of tourists coming to Indonesia," Fernandes said. "We see that the IPO depends on market conditions, but we aim to undertake it for faster business growth and to increase the number of tourists coming to Indonesia," Fernandes said. Proceeds from the share sale will be used to fund route expansion and to enlarge the airline's fleet, he said.

AirAsia Plans To List Its Two Units

AirAsia Berhad (KLSE:AIRASIA) said its plans to list PT Indonesia Airasia and AirAsia Inc. are well under way, with the two units listed by the first quarter of 2018. "I've highlighted to the market that AirAsia is not a company that takes short-term decisions, while the market was telling us to close down the Indonesia and Philippines units. "We are confident that that will be done this year," he added.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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