PPRuNe Forums - View Single Post - Air Asia Indonesia Lost Contact from Surabaya to Singapore
Old 11th Jan 2015, 04:08
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Boomtown
 
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For those asking about the ownership of Air Asia Indonesia it is 49% owned by AirAsia Berhad (which is the Malaysian AirAsia entity) and 51% owned by PT Fersindo Nusaperkasa (the Indonesian shareholders). Under Indonesia law, all carriers must be at least 51% owned by Indonesians. This 51% rule applies to other industry sectors as well such as mining.

The CEO of PT Fersindo Nusaperkasa is Dharmadi. He was previously the CEO of AirAsia Indonesia. I have not been able to find any information regarding the shareholders of PT Fersindo but note the following:

The airline was established as Awair (Air Wagon International) in 1999 by Abdurrahman Wahid, former chairman of the Nahdlatul Ulama Muslim organisation. He had a 40% stake in the airline which he relinquished after being elected president of Indonesia in October 1999.
Source: Indonesia AirAsia - Wikipedia, the free encyclopedia

Last month, a local business daily reported that AirAsia scrapped its IPO plans for its Indonesian affiliate due to poor financial results. Indonesia AirAsia reported a net loss of RM102.35 million last year, compared with a net profit of RM52.5 million the year before, despite higher revenue.
Source: AirAsia: No more IPOs for affiliates | theSundaily
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