Adam Air Buys Airbuses: Jakarta, Indonesia

By Wombat | February 24th, 2006 | 2 Comments »

I posted an article a few days ago about the possibility of Qantas buying a share in Adam Air. According to a report in the Jakarta Post, Adam Air has just ordered 30 new Airbus A320’s to expand their international market, and, Perth in West Australia is on their radar.

Adam Air orders 30 Airbus A320s

SINGAPORE (Dow Jones): Indonesia’s Adam Air said it has ordered 30 Airbus A320 aircraft, worth US$2.1 billion, to modernize its fleet and is in talks with strategic investors to sell 20 percent of the company.

The A320 fleet will comprise both leased and outrightly-owned aircraft, and will replace the existing fleet of Boeing 737 planes, the company said Thursday at Asian Aerospace 2006 in Singapore.

The A320 has a list price $70 million.

The new aircraft will be deployed on Adam Air’s domestic and international network covering 30 destinations in Indonesia and Southeast Asia.

Family-owned Adam Air intends to add Kuala Lumpur as a destination this year and plans to fly to Perth, Australia and Phnom Penh, Cambodia next year, president Adam Adhitya Suherman said on the sidelines of the airshow.
He reiterated plans to list Adam Air in Singapore, with possibly 20 percent of the company to be sold in an initial public offering, but said the airline is now aiming for a listing in 2008 rather than 2007.

The company is also talking to strategic investors on taking up to a 20 percent stake in Adam Air.
Suherman didn’t identify the investors.