Total domestic air passenger transport production in 2016 reached 89.34 million. Of this amount, one-third, or approximately 30.9 million, was controlled by Lion Mentari Air.
Meanwhile, the second largest domestic air passenger transport production was Garuda Indonesia, at 22.35% (19.97 million), followed by Citilink in third place at 12.37% (11.05 million). Sriwijaya Air was fourth with a 9.4% contribution (8.4 million), and Batik Air was fifth with 8.4% (7.48 million).
The significant capital and business costs of air transportation make investment in this sector considered quite risky for investors. Two airlines, PT Indonesia Airasia and PT Sriwijaya Air, postponed their plans for initial public offerings. Airasia chose a backdoor listing through PT Rimau Multi Putra Prima Pratama Tbk (CMPP), while Sriwijaya Air is still seeking investors to fund its planned purchase of wide-body aircraft to strengthen its fleet.
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