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cheecheng

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  20. Posted · Edited by cheecheng · Report reply

    NADI, Lion Air In Joint Venture To Form Malindo Airways

     

     

    KUALA LUMPUR, Sept 11 -- National Aerospace and Defence Industry (NADI) and PT Lion Air have signed a joint venture agreement to establish a new low-cost airline, Malindo Airways, which is expected to start operations in May next year at Kuala Lumpur International Airport 2.

     

    "The JV will see NADI holding a 51 per cent stake with the remaining shares belonging to PT Lion Air," PT Lion Air President Director Rusdi Kirana told a media briefing today.

     

    NADI is a Bumiputera investment holding company involved in the aerospace and defence industy, while PT Lion Air, based in Jakarta, is Indonesia's largest privately run airline.

     

    --BERNAMA

     

    Lion Air to set up budget carrier in Malaysia

     

     

    KUALA LUMPUR, Malaysia (AP) — Indonesia's Lion Air will set up a low-cost airline in Malaysia that will take off in May 2013 as part of an aggressive regional expansion.

     

    The move will see Lion Air, which controls nearly half the air travel market in Indonesia, playing catch-up to the region's top budget carrier AirAsia. It follows AirAsia's recent acquisition of Batavia Air in a bid to tap Indonesia's 230 million population.

     

    Lion Air will own 49 percent of the new airline, Malindo Airways, and Malaysia's National Aerospace and Defence Industries the remaining 51 percent.

     

    Lion Air President Rusdi Kirana says Malindo Airways will start flying between the two countries with a fleet of 12 Boeing 737 planes in May, before expanding to other cities in Southeast Asia.

     

    --businessweek.com

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