INDONESIA's Lion Air will establish a joint venture with a small Brisbane-based airline to operate domestic and long haul services from Australia.
Lion Air Australia expects to begin services with six new extended range Boeing 737's by the end of the year.
David Charlton, chief executive of Sky Air World, an infant aviation business trading out of Brisbane's Eagle Farm airport, confirmed his company would own 51 per cent of the new business with Lion Air holding a 49 per cent stake.
As a result of the deal Lion Air Australia will have the same air traffic rights to operate here as any Australian-owned airline.
Under Australian regulations a foreign investor can have a maximum 49 per cent stake in a local airline, but Lion Air president Rusdi Kiranait was reported as saying that his company would be the operator and control the business.
http://www.news.com.au/business/stor...67-462,00.html
Anyone know anymore?