JAKARTA (rambuenergy.com) – PT Pelita Air Service, a flight charter operator owned by state own oil and gas company PT Pertamina, is being pushed float its shares on the Indonesian Stock Exchange.
“We are conducting a review. We will push Pelita for an IPO (initial public offering) next year (2015),” Pertamina President Director Dwi Soetjipto was quoted by Kontan daily as saying.
The purpose of the move is to encourage Pelita Air Service to run its business more transparently as it will be able to be monitored by the public once it goes public.
The increase offshore oil and gas exploration and productions over the past few years have stimulated the growth and demand for chartered aircraft and helicopter, including the ones owned by the company.
Pelita Air competes with privately own chartered flights such as Travira Air, Trans Nusa, Indonesia Air Transport owned by MNC Group, Airfast Indonesia and few others.
Pelita Air Service was established in 1970. It was initially established to support oil and gas business operations, including offshore, of Pertamina and oil and gas industry. Today, the charter flight operator serves VVIP (President and Vice President and other dignitaries), offshore oil and gas companies, medical evacuation, seismic and geological survey, Helirig and others.
It also provides maintenance and repair works through is subsidiary PT IndoPelita Aircraft Services from its owned airfield in Pondok Cabe in South Jakarta, which consisting of hangar, warehouse and a 2,000 meters runway.
Currently, it operates and charters 9 types of Fixed Wing and 14 types of rotary or helicopters for domestic and overseas destinations. (firstname.lastname@example.org)