AIRASIA, BATAVIA AIR CHOOSE ALLIANCE OVER ACQUISITION
Image : (Antara Photo/Rosa Panggabean)
AirAsia, Asia’s biggest low-cost carrier, is thinking about setting up a joint venture in the areas of ground handling, distribution and pilot training with Indonesia’s Batavia Air after an acquisition plan involving the two companies was scrapped.
AirAsia said that the company “realigned” its proposed Rp 750 billion ($78 million) acquisition of Metro Batavia, operator of Batavia Air after considering that “the precise scale of integration, which includes including a re-fleeting as well as streamlining a blending of cultures was expected to take up considerable time and effort,” the Sepang-based, Malaysia company said in a statement on Monday.
Based on the share sale agreement signed in July, AirAsia was to buy 49 percent stake of Batavia while its local partner, Fersindo Nusaperkasa, would acquire the majority 51 percent.
Now, instead of there being an acquisition, which would have included its Aero Flyer Institute, Batavia and AirAsia will form an alliance encompassing ground handling, distribution and inventory systems.
16/10/2012 : Francezka Nangoy / The Jarkarta Globe.
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