Wednesday, November 16, 2011

Indonesia Air Transport Route Expansion

Scheduled commercial airline it would open up new routes.

PT Indonesia Air Transport Tbk (IATA) is ready to explore cooperation with a number of investors to support the company's corporate action this year.

"We do not rule out the possibility to cooperate with investors in the company's successful business expansion," said Indonesia Air Transport Company Secretary, Arman Zuvianto Ganis, when contacted in Jakarta, Tuesday, August 2, 2011.

According to Ganis, for purposes of expansion, commercial airlines are not scheduled or charter was set aside from internal cash and bank loans. "We are prepared from the first two options," he said.

Meanwhile, business expansion by Indonesia Air Transport, he said, the addition of a number of new flight routes. "But, we can not mention the route where, yes," said Ganis.

Regarding the news that one of the domestic airlines are exploring ownership Indonesia Air Transport, Ganis claimed not to hear. "As to that - that strategic investors interested to get IATA -, do not know. To be sure, we are aggressively expanding," he said.

As of June 30, 2011, PT Global Transport Service recorded IATA coded acquire a controlling stake of 53.01 percent, Far East Global Invesments Ltd 12.15 percent, 10.52 percent and Starlight. While the rest held by the public.

In trading Tuesday at 10:30 pm, the share price weakened IATA Rp1 or 1.66 percent at the level of Rp59. Meanwhile, at the opening transaction this morning, shares of Air Transport Indonesia is stagnant at Rp60 position.

Previously, Indonesia Air Transport seeks to boost financial performance this year. To that end, the company is eyeing the tender charter plane from the mining company in East Kalimantan.

"Tender is worth U.S. $ 2.9 million from the mining company in Muara Bakau, East Kalimantan," said President Director of IATA, Syafril Nasution, after the EGM in Jakarta, some time ago.

Syafril added, the company also will open up new flight routes in some areas.


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