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BLUEBIRD Nordic (BBN) Airlines Indonesia, which has received permission from the Ministry of Transportation to serve scheduled commercial flights, received a capital injection of US$6.2 million or IDR96.1 billion from its parent company, Avia Solutions Group, at the end of 2023.
“This investment further confirms Avia Solutions Group’s confidence in the success and growth potential of the airline which has been actively operating in Indonesia since 2022, increasing the company’s value to US$14 million (IDR217 billion),” said the company’s press release.
BBN Airlines Indonesia plans to allocate the funding received to carry out the company’s strategy in business development, fleet additions, and supporting daily operational needs.
In August 2023, BBN Airlines Indonesia has succeeded in obtaining an Air Operator Certificate (AOC). In November 2023, the company has also tripled its fleet, with the presence of four new aircraft consisting of one Boeing 737-400SF and three Boeing 737-800NG units. The issuance of the AOC certificate prompted BBN to plan scheduled flights starting March 2024.
“The Ministry of Transportation has stated that BBN Airlines Indonesia is suitable and meets regulatory standards to open commercial passenger flight services which will begin operating immediately in March 2024,” said BBN Airlines Indonesia Chairman Martynas Grigas in Jakarta recently.
Regarding the investment from the parent company, Martynas said he would use it to realize the company’s strategic plan to operate a total of 40 aircraft by the end of 2027.
“We are committed to bringing more diverse and high-quality services to the aviation industry in Indonesia. In the future, we also plan to expand services to the commercial aviation segment,” he said.
In a statement, the Indonesian National Air Carriers Association (INACA) highlighted the great potential of the Indonesian aviation sector and its support for the participation of foreign investors in financing aircraft in this country. The government’s consistency in ensuring certainty in the international financing market is also an attraction for investors, supported by the steps in ratifying the Cape Town Convention which promises the development of the aviation market in the country.
“We hope that this influx of funding will not only be a big milestone for BBN Airlines Indonesia but will also make a real contribution in moving our aviation sector. By focusing on business development, quality services and a vision to become an innovative service provider, we are ready to become a trusted partner and advance the aviation industry in Indonesia,” concluded Martynas. [sources/photo special]
