AirAsia and Indonesian partner PT Fersindo Nusaperkasa received approval from the Indonesian Government to purchase Batavia Air, according to reports by Bernama and The Star. Fersindo reportedly will complete due diligence in Sep-2012 and complete the acquisition by Mar-2013. As previously reported by CAPA, in Jul-2012 AirAsia and Fersindo announced plans to acquire PT Metro Batavia which operates Batavia Air and the Aero Flyer Institute. The acquisition will see AirAsia hold a 49% stake in Metro Batavia with Fersindo holding 51%.
AirAsia receives approval to purchase Batavia Air from Indonesian Government: reports
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The new order also enables the AirAsia Group to meet a requirement for additional aircraft that has surfaced due to the establishment of a leasing subsidiary which is looking at potentially placing some of the group’s future aircraft with third party customers. AirAsia joins rival Lion Group and VietJet Air in pursuing potential opportunities to lease out some of 1,150 aircraft the three Southeast Asian groups have on order – a staggering number of aircraft that likely cannot be absorbed entirely by their own airline subsidiaries or affiliates - but which they need to have available in case high forecasts materialise.
The new deal lifts AirAsia’s narrowbody order book to 404 aircraft, including 304 A320neos to be delivered from 2H2016 through 2028 and 100 A321neos slated for delivery from 2019 to 2028. The group took its last A320ceo in 2Q2015 and currently operates 171 of the type from bases in five countries.
Lion Group expands fleet by 16 aircraft in 1H2016, surpassing the 250 aircraft milestone
Indonesia-based Lion Group expanded its fleet by 16 aircraft in 1H2016, cementing its position as the largest airline group in Southeast Asia. Lion now has a fleet of more than 250 aircraft while its rival AirAsia – the region’s second largest group – has under 200 aircraft based in Southeast Asia.
However a net gain of 16 aircraft over the last six months marks a slowdown for Lion. The group’s fleet grew by 59 aircraft in 2015 and 39 aircraft in 2014.
None of Lion Group’s five airline subsidiaries or affiliates added more than five aircraft in 1H2016, resulting in relatively modest capacity expansion. The rate of expansion will likely pick up in 2H2016 but not approach previous levels.