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Berita Hari Ini Sriwijaya Air
On Friday 05 February 2021 Indonesia Investments released its January 2021 report. The report zooms in on key economic, political, and social developments in Indonesia in January 2021. Special attention is given to Indonesia's COVID-19 immunization program (do we expect to see setbacks?), household consumption amid the COVID-19 restrictions, the Sriwijaya Air crash, and Indonesian demographics.
Unfortunately Indonesia is no stranger to fatal aircraft accidents. And unfortunately, disaster struck again on Saturday 9 January 2021 when Sriwijaya Air Flight 182, a scheduled domestic passenger flight flying from Indonesia’s capital city of Jakarta to Pontianak (West Kalimantan), crashed in the Java Sea some four minutes after take-off from Soekarno-Hatta International Airport.
After plenty of public outcry over the past month, the Garuda Indonesia Group decided to cut prices of air tickets by 20 percent for all domestic flight routes. Starting per Thursday (14.02.2019), air passengers can enjoy lower ticket prices when flying Garuda Indonesia, Citilink Indonesia, Sriwijaya Air, and NAM Air.
Sriwijaya Air, the third-largest airline in Indonesia, decided to postpone its initial public offering (IPO) on the Indonesia Stock Exchange - by one or two months - to April or May 2017 (initially the company targeted to conduct this corporate action in March 2017). Chandra Lie, President Director of Sriwijaya Air, said the airline needs more time to prepare the IPO. Lie added that it may also revise the number of shares that are offered to the public. Earlier, Sriwijaya Air planned to release 25 percent of its total outstanding capital stock.
Indonesian low-cost carrier Sriwijaya Air targets to fly 12.1 million passengers in 2017, up 10 percent year-on-year (y/y) from an estimated 11.2 million passengers in 2016. To achieve this target 17 new airplanes will be delivered to the airline next year consisting of 15 narrow body Boeing B737-800NG jets and two wide body Boeing 777-300ER jets. Chandra Lie, President Director of Sriwijaya Air, is confident that the airline will achieve next year's passenger target, specifically by increasing its focus on international passengers.
Sriwijaya Air, the third-largest airline in Indonesia, plans to conduct an initial public offering (IPO) on the Indonesia Stock Exchange in March 2017 in which it will release 25% of its total outstanding capital stock. Chandra Lie, President and CEO of Sriwijaya, said its IPO plan started after the company posted net profit in three consecutive years. Through the IPO the company will become more transparent and obtains fresh funds to purchase 15 narrow body and 2 wide body airplanes, while also increasing the number of flight routes.
The aviation industry in the Asia-Pacific region has shown robust growth in recent years. This region is one of the world's fastest growing regions in terms of air travel. In the next 20 years, an average annual seven percent growth of air traffic is expected. Indonesia, the current engine of economic growth in Southeast Asia and one of the largest economies in the Asia-Pacific, contains a burgeoning middle class that is increasingly using airplanes for domestic as well as international transport.
State-owned airline Merpati Nusantara Airlines will sell between 30 and 35 percent of its shares to domestic or foreign investors. The government feels the need to sell a stake as the airline has a debt of about IDR 6 trillion (USD $603 million). Most of this debt, about IDR 4 trillion, is held in Indonesia (government and state-owned enterprises). As such, the company is in need of new funds to restructure its business model. Last year, the airline carried 2.1 million passengers.
Artikel Terbaru Sriwijaya Air
It was a rough first month of the year for Indonesia. Obviously, the COVID-19 crisis persists (and there are signs to assume this crisis will persist throughout 2021) with the total number of confirmed COVID-19 infections in Indonesia now having passed the one million mark.
Indonesia's air transport industry is about to see a big change as the nation's national flag carrier Garuda Indonesia said it will take over operational control of the rival Sriwijaya Group. This move seriously boosts the Garuda Group's share of the fast-growing domestic aviation market.
One of the industries that has been showing remarkable growth in recent years in Indonesia is the aviation industry. Blessed with robust macro economic growth and a burgeoning middle class, the country's population is increasingly using airplanes as means of transportation. Considering the magnitude of Indonesia, its island rich composition and underdeveloped road and rail network, air travel is an efficient option.
