From Government of Indonesia

Malaysia's Alkauthar Eyeing Revival of Bali Air

Malaysia's Alkauthar Sdn Bhd is eyeing a majority stake in Bali Air, which suspended operations in April 2005.

Alkauthar told the Investor Daily it plans to convert Bali Air, which had five aircraft before it stopped operating, into a cargo carrier.

Alkauthar director Dato's Bistaman Ramli said a deal is expected to be signed before the end of the year.

Ramli said his company will team up with a partner from the Middle East to develop air transport business both for passenger and cargo transport in Indonesia.

Malaysia's Air Asia already has air transport business in Indonesia, introducing a low-cost carrier service in cooperation with a local partner.
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