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Bali Consortium Forming for Air Paradise

Local Business Leaders Preparing to Invest in Helping Air Paradise Grow into a Major Aviation Player.


Bali News: Bali Consortium Forming for Air Paradise
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(5/11/2005)

Bali Business - a division of Bisnisbali.com, reports that a group of 90 local entrepreneurs are joining forces to create a financial consortium to back the Bali-owned airline - Air Paradise International (API). At a recent meeting led by the Airline's Founder, "Kadek" Made Wiranatha - the Chairman of the Bali branch of the Indonesian Entrepreneur's Association (Apindo) Panudiana Kuhn and Bagus Sudibya the Chairman of the Bali branch of the Association of Indonesian Tour and Travel Agents (ASITA) joined discussions with a large group of leading business people regarding the possible future expansion scenarios for the Airline and the potential costs involved.

Operating successfully out of 5 major cities in Australia to Bali, Air Paradise currently operates a fleet of leased Airbus aircraft with full maintenance support program with SIAEC ( Singapore International Airlines Engineering Company). The Airline also offers scheduled services from Taiwan, Korea and Japan.

Saying he would welcome the participation of local business people as investors in his airline as a means of fulfilling his dream of a Balinese-owned airline of world stature, Wiranatha told the businessmen, "I open API to all of you to bring in foreign tourists as many as you can. I want API to be the Balinese Airline, not just belonging to me and my family."

ASITA's Chairman, Bagus Sudibya, who enthusiastically endorses the consortium plan, has called on the Balinese to gradually reclaim their birthright by becoming the lead investors and owners of the island's tourism industry.


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