July 11, 2014 9:43 PM ET

Transportation Infrastructure

Company Overview of PT Angkasa Pura II (Persero)

Company Overview

PT Angkasa Pura II (Persero) provides airport management and air traffic services in Indonesia. The company offers aeronautical and non-aeronautical services for the management of airports. Its non-aeronautical services include cargo, passenger, pilgrimage flight, airport security, fire fighting and airport rescue, and management of aircraft fueling services. PT Angkasa Pura II (Persero) was formerly known as Perum Pelabuhan Udara Jakarta Cengkareng and changed its name to PT Angkasa Pura II (Persero) in January 1993. The company was founded in 1984 and is based in Jakarta, Indonesia. It has branch offices in Bandung, Medan, NAD, Palembang, Pontianak, and Pekanbaru, Indonesia.

Jakarta International Airport Soekarno-Hatta

Building 600

PO BOX 1001/BUSH

Jakarta,  19120

Indonesia

Founded in 1984

Phone:

62 21 550 5079

Fax:

62 21 550 2141

Key Executives for PT Angkasa Pura II (Persero)

PT Angkasa Pura II (Persero) does not have any Key Executives recorded.

PT Angkasa Pura II (Persero) Key Developments

Angkasa Pura Seeks IPO

PT(Persero) Angkasa Pura II intends to launch initial public offering (IPO) to raise funds to finance the expansion of Terminal 3 of Jakarta`s Soekarno Hatta International airport. Vice President, Rinaldo J. Aziz, said that the funds for the first phase of expansion of the terminal will be in internal cash or by raising bond fund or IPO fund. Aziz said, "We well need both internal and external funds to finance the first phase of expansion. In two to three years we could manage the financing with internal cash, but if work will continue we could choose between issuing bond, share sales or bank loans. However, if we will carry out the expansion plan and at the same time we have to do other jobs, bond fund would be the most possible option." According to Aziz, the management is still studying the options if bank loan or bond fund is the option and the management hopes to have ones with low interest.

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To contact PT Angkasa Pura II (Persero), please visit www.angkasapura2.co.id. Company data is provided by Capital IQ. Please use this form to report any data issues.

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