Holding Aviation

PAS was expected to join a state-owned aviation holding company

that was being prepared by the SOE Ministry.
The government is likely to appoint PT Survei Udara Penas to head the holding company, 

which is expected to also include flag carrier PT Garuda Indonesia and airport operators PT Angkasa Pura I (AP I) and PT Angkasa Pura II (AP II).

“Garuda as an open company cannot easily become the leader of the holding company, 

while Penas is a small company but booked Rp 3 billion (US$213,041) last year. 

It will be easier [for that firm] to become [the] leading company,”