Qantas is considering acquiring a share of Indonesian budget carrier Adam Air to strengthen its position in the high-growth Southeast Asia market. Adam Air CEO Gunawan Suherman confirmed that Qantas CEO Geoff Dixon and CFO Peter Gregg were in Jakarta last Friday to discuss the acquisition of 20%-30% of the operation. According to Gunawan, Qantas is planning to establish Jakarta as a second Asian hub after Singapore. Adam Air began flying in December 2002 with 737s and currently operates 20 ...

Subscribe to Access this Entire Article

"Qantas considering stake in Indonesian LCC Adam Air" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.