April 24, 2014 1:44 PM ET

Airlines

Company Overview of Citilink Airline

Company Overview

Citilink Airline provides air transportation services in Indonesia. It serves the low cost carrier market. The company was founded in 2001 and is based in Jakarta, Indonesia with an additional hub in Surabaya, Indonesia. Citilink Airline operates as a subsidiary of PT Garuda Indonesia (Persero) Tbk.

SBU Citilink

Management Building 3d Floor

Soekamo-Hatta Int Airport

Jakarta,  19120

Indonesia

Founded in 2001

Phone:

62 21 659 9049

Fax:

62 21 659 9049

Key Executives for Citilink Airline

Chief Executive Officer
Compensation as of Fiscal Year 2013.

Citilink Airline Key Developments

Citilink Airline Mulls IPO In 2015

Citilink Airline is seeking to sell its 30% stake in an initial public offering (IPO) by year 2015, Arif Wibowo, Chief Executive Officer of Citilink, said. He said, "This year we don't plan as a profitable company, in order to make sure we got the market share and we have to have enough capacity. We have to improve our performance and then we are considering an IPO," Reuters said.

Citilink Airline Develops New Routes from Balikpapan

Citilink Airline is developing its domestic network by opening new routes from its new hub in Balikpapan, East Kalimantan, in a bid to capture growing traveler demand. The new service will make trips easier for Citilink customers in Kalimantan to reach the two cities. The airline provides one flight a day for each route by using an Airbus A320 aircraft.

Citilink Mulls IPO By 2015

Citilink Airline is planning to launch an initial public offering in 2015. Arif Wibowo, President Director of Citilink said, "If the profit and growth targets have been met we will conduct an IPO."

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