Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Air Paradise Offers Majority Stake to Bali Government
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali

+62 (0)812 3819724
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

Bali News

Air Paradise Offers Majority Stake to Bali Government

Airline Re-Launch Includes Plans to Fly to Australia and at Least 4 Domestic Destinations in Indonesia.

Bali News:
Click Image to Enlarge


The Indonesian language BisnisBali reports that Air Paradise (API) has offered 51% of its shares to the Government of Bali in an effort to secure the estimated Rp. 250 billion (approximately US$27.5 million) needed to restart the airline grounded by financial woes since December 2005.

Convinced that a majority share-holding by the Bali Government would bolster the Airline's battered image, API's Chairman. I Made Wiranatha has presented detailed investment proposal to the Bali Government including projections of profitability within two years. Bali's leaders were offered a controlling 51% share in the airline for Rp. 150 billion (approximately US$16.5 million) with 33% remaining in the hands of Wiranatha and a 16% shareholding by Sri Lankan businessman Sudhahar Sunthaeampillai.

Wiranatha told BisnisBali that he hoped the Government would support API's mission, adding, "Bali needs an independent approach to its main tourism markets, especially now when the number of flights operating to Bali are extremely limited."

Putu Oka Semadi, a Director of API told the press that between 2003 and 2005 the Airline carried 589,407 people to Bali contributing an estimate Rp. 7 trillion (approximately US$769.2 million) to Bali's economy.

Bali officials are remaining non-committal on the investment proposal from API, insisting they need time to study the proposal.

March Re-launch?

As reported on [Bali's Air Paradise to Fly Again in March 2007], API announced in late 2006 their attention to resume flights in March 2007.

While a firm date for the resumption of service still remains unclear, Semadi told BisnisBali that the resumption of flights to Australia will be supported by a domestic network initially connecting Bali to Jakarta, Yogyakarta, Surabaya and Balikpapan using Boeing 737-400 aircraft.

Semadi explained that the "new" API business model which will make the Airline not solely dependent on international passengers by diversifying their flight offerings to include both domestic and international traffic.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Airspace Over Bali No Longer Empty
Bali Airport Reopens After 24-Hour Closure for Nyepi New Year Observances
Business is Sky High
Indonesia’s Aviation Industry Booming with More than 100 Million Passengers Flown in 2017
Chinese Returning in Droves to Bali
Badung Regency Official Says Chinese Travelers are Bullish on Bali
New Ubud Gallery Opens with Two-Man Exhibition
Paintings by John van der Sterren and Ketut Gede Susana Exhibiting Through July at NKRI Art at The Ayung Resort, Ubud
Bali before the Balinese
Tenganan Village Fights to Preserve its ‘Pre-Balinese’ Ancient Traditions in a Rapidly Changing World
A Rest Area on a 12-Km Toll Road
Bali Toll Road Seeks to Increase Revenues by Moving Ahead with Plans to Build a Rest Area
Proud List of Past Achievements for the People of Bali
In the Midst of IMF-World Bank Conference Preparations, Bali Governor Pastika Reflects on What his Administration has Achieved on Behalf of the People of Bali
Diplomatic Reassignment
British Consulate-General’s New Address in Bali
When Anneke Goes Coasting
Dutch Woman Undetakes Annual Marathon Swim in North Bali to Protect the Environment
Short Shrift to Trash that Drifts
Indonesia Government Frames Formal Response to Video Showing Plastic Trash Inundation at Manta Point, Nusa Penida
To the Visitor, Goes the Spa
Harper Bazaar Singles Out 8 Spas for ‘Star Spa’ Status in Bali
Lest We Forget
Anzac Day to be Commemorated in Bali On Wednesday, April 25, 2018 at Finns Recreation Club
All [News]!