JAKARTA — Indonesia is seeking to challenge Singapore’s Changi Airport and Kuala Lumpur International Airport as regional hubs via a $6 billion tie-up with Indian and French airport operators.
GMR Airports Consortium — jointly owned by India’s GMR Group and France’s Aeroports de Paris Group — won a contract last week to operate Kualanamu International Airport in Indonesia’s North Sumatra Province with local state-operator Angkasa Pura II.
The companies will form a joint venture called Angkasa Pura Aviasi, which will be majority-owned by Angkasa Pura II.
Angkasa Pura Aviasi will operate Kualanamu under a 25-year “strategic partnership” worth $6 billion, according to a news release from Angkasa Pura II. Read more
