Indonesia AirAsia intends to IPO in the first quarter of 2013

PT Indonesia AirAsia will offer it’s IPO in the first quarter of 2013. The move comes after AirAsia moved its regional operations center to Indonesia. Chief Executive Officer of AirAsia said the plan follows the steps taken by AirAsia X Sdn Bhd which will go public...

DHL opens Jakarta warehouse to meet high tech growth expectations

DHL Supply Chain, a provider of contract logistics solutions, has opened a new US$2.3 million multi-user warehouse in Cililitan, East Jakarta, to meet anticipated growth from the technology sector and pursue an ongoing plan to improve its facilities in Indonesia. This...

CHINA will build 70 NEW airport until the year 2015

China will build 70 new airports in the next three years. China ambitious expansion comes amid a slowing local economy. Head of Civil Aviation Administration of China (CAAC), Li Jiaxiang, added from 2012 to 2015, local airlines will add 300 fleet per year. It is also...

MAERSK LINE to restructure, terminate 400 jobs

Danish oil and shipping group A P Moller-Maersk said it would slash about 400 jobs as part of a restructuring of its struggling container shipping division Maersk Line. The group said in a statement that a key objective of the reorganization was faster decision-making...