The move will likely lead to heightened competition among low cost carriers in Indonesia, including the nation's biggest, Lion Air, Mandala Air, controlled by private equity firm Saratoga Capital, and Citilink, a unit of flag carrier Garuda .
Communication Manager Indonesia AirAsia Audrey Progastama Petriny said the signing ceremony and press conference for the plan would be held later on Thursday in Jakarta.
Petriny declined to give any details about the plan, including the deal value and the structure.
"We shall announce the details later today," he said.
Batavia Air confirmed the plan but declined to comment about details. - Reuters
Article taken from TheStar
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