- Dec 6, 2004
www.stuff.co.nz said:Indonesia's Adam Air mulls stake sale to Qantas
07 February 2006
JAKARTA: Indonesian budget airline Adam Air is considering selling a stake to Australia's Qantas Airways as part of wider alliance talks, a company official said yesterday.
The comment came after local media reported the Indonesian transportation minister saying he would welcome a bid by Qantas to acquire a 20 per cent stake in privately-owned PT Adam SkyConnection Airlines.
"Currently, we are still in talks over co-operation, including the acquisition of some shares," said Dave Fikarno Akbarsyah, Adam Air's chief communication officer.