Newsroom
Australian International set to Purchase 30% Stake in Aero Indonesia
2-AUG-14 | Australian International Holdings, Co., (Parent Company of Australian International Airways) and new Jakarta-based start-up airline, Aero Indonesia, have entered talks for a 30% stake to be purchased from Aero Indonesia later in this financial year. The purchase, should it go ahead, would make the second investment that has been made into an airline, and the third investment in Indonesian capital markets for Australian International Holdings. Currently, Aero Indonesia has a million shares for sale, at a share value of (US)$4.72, but this is set to rise as the airline grows, as currently it only operates a single Fokker aircraft, operating a shuttle service between Jakarta Soekarno-Hatta Int'l Airport, and Denpasar Ngurah Rai Int'l Airport, on the islands of Java and Bali respectively.
Indonesia is currently the worlds fastest growing economic market, and a chance for both airlines to become major presences in the Indonesian region, both Australian International and Aero Indonesia think that this share exchange will positively benefit both Australian International and Aero Indonesia alike. In a previous statement, released from Mick Solomon in Jakarta, after these talks finished for the day, he quickly stated that "Both Australian International and Aero Indonesia are eager to wrap up talks on the purchase, as we both have agreed on the purchase conditions for the purchase, as well as weighing up the benefits to cons in the deal, and coming to a unanimous conclusion that a stake purchase of 30% will only benefit both airlines in the long run. Talks still continue however, for other, unrelated possible inter-airline agreements, such as codeshares and an interlining of other features of both of our respective airlines. There has been no confirmation that either deals will be made as of yet. [...]"
Indonesia is currently the worlds fastest growing economic market, and a chance for both airlines to become major presences in the Indonesian region, both Australian International and Aero Indonesia think that this share exchange will positively benefit both Australian International and Aero Indonesia alike. In a previous statement, released from Mick Solomon in Jakarta, after these talks finished for the day, he quickly stated that "Both Australian International and Aero Indonesia are eager to wrap up talks on the purchase, as we both have agreed on the purchase conditions for the purchase, as well as weighing up the benefits to cons in the deal, and coming to a unanimous conclusion that a stake purchase of 30% will only benefit both airlines in the long run. Talks still continue however, for other, unrelated possible inter-airline agreements, such as codeshares and an interlining of other features of both of our respective airlines. There has been no confirmation that either deals will be made as of yet. [...]"
Australian International Orders 2 Bombardier CRJ1000 NextGen Regional Jets
27-JUL-14 | Recent Talks between Australian International Airways, and Canadian aircraft manufacturer, Bombardier, have ended successfully with Australian International ordering 2 Bombardier CRJ1000 NextGen Regional Jetliners, with options for 4 further aircraft. The (US)$59.4m deal between Australian International, and Bombardier was struck earlier today, at the Australian International Offices in Cairns, between a representative of Bombardier, and the CEO of Australian International, Mick Solomon. Under the deal, the first regional jet will arrive at Cairns in August, and the second arriving later in the same month. Both CRJ1000 Aircraft will be based at Cairns International Airport, alongside a Boeing 737 that Australian International already operates out of their hub in Cairns.
The Regional Jets will be configured in 1-1 seating in Business Class, and 2-1 seating in Economy Class, with 10 and 48 seats in each cabin respectively. One of the CRJ1000 aircraft will operate a daily Cairns-to-Melbourne shuttle service, connecting the two hubs of Australian International, whilst the second will operate international routes to Honiara, Solomon Islands; and a triangulated service to Port Moresby, PNG and Nabire, Indonesia, every second day. The order of these new aircraft however, has meant the cancellation of the purchase of two used Boeing 717 aircraft from Boeing. Services will start with these aircraft immediately, but they will not be officially launched until September 1, a month after Australian International officially begins 737 services.
The Regional Jets will be configured in 1-1 seating in Business Class, and 2-1 seating in Economy Class, with 10 and 48 seats in each cabin respectively. One of the CRJ1000 aircraft will operate a daily Cairns-to-Melbourne shuttle service, connecting the two hubs of Australian International, whilst the second will operate international routes to Honiara, Solomon Islands; and a triangulated service to Port Moresby, PNG and Nabire, Indonesia, every second day. The order of these new aircraft however, has meant the cancellation of the purchase of two used Boeing 717 aircraft from Boeing. Services will start with these aircraft immediately, but they will not be officially launched until September 1, a month after Australian International officially begins 737 services.