Indonesian airliner PT Adam Sky Connection Airlines, better known here as Adam Air, plans to buy 40 new jetplanes after completing the sales of 50 percent stake to a local investor, local press said Friday.
The value of the acquisition was not disclosed, but Adam Air president Aditya Suherman said it was equivalent to the price of 60 brand new planes, reported economic daily Bisnis Indonesia.
This year alone, Adam Air buys two Boeing 737-300s and six Airbus A-320s.
PT Bhakti Investama, which now owns half of Adam Air shares, plans to buy 40 new planes in the next four years to make Adam Air a key player in Asia and Pacific, an executive with the company was quoted as saying.
Adam Air currently operates 22 passenger planes of various types, mostly the 737 series.
The airliner was under fire after its plane crashed with 102 people onboard around Sualwesi island on the New Year's Day. The rescue team has recovered debris of the doomed Boeing 737-400 in the Sulawesi waters but the bodies of the passengers have not been found.
Adam Air was put under government scrutiny again when its plane made a hard landing and broke the fuselage in Surabaya in February, injuring many passengers. A recent government survey put Adam Air among airlines with poorest safety record.