INDONESIA AirAsia (IAA) plans to expand its fleet with the US$200 million it expects to raise from an IPO in the third or fourth quarter of the year.
Jakarta-based IAA, which currently operates 16 Airbus A320s and four Boeing B737s, intends to have 30 aircraft by 2015.
The fleet expansion will support the airline’s domestic and regional route development, with plans to establish a new Makassar (South Sulawesi) hub to launch services to Singapore, Kuala Lumpur, Brunei and Hong Kong.
IAA currently uses Jakarta, Denpasar, Surabaya and Medan as its domestic and regional hubs for 26 routes.
The airline’s president Dharmadi said: “There is still a lot of potential, both domestically and regionally.”
IAA will be the second airline listed on the Indonesia Stock Exchange this year after Garuda Indonesia, which went public on February 11 (TTG Asia e-Daily, January 13).
Another Indonesian carrier, Lion Air, is also planning an IPO for either 2012 or 2013.