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February 04, 2012 -- Updated August 31, 2010 16:28 HKT

ASEAN: Indonesia’s Merpati to purchase 15 planes from China

Indonesian State-Owned Enterprises Minister Mustafa Abubakar has said he expects the purchase of 15 new aircraft from China for state-run Merpati Nusantara airline is to be settled by the end of the year, a media reported Tuesday.

“Hopefully, we can bring in all of the planes by end of this year,” Mustafa was quoted by the Jakarta Post as saying.

He said that the government had so far imported 2 of the 15 planes.

Airliners in Indonesia has attempted to expand business, which has high potential. The government has put a priority to develop aviation industry, as it will be the most effective transport mean in the archipelago country with over 17,500 islands and homed by over 238 million people.

So far, less than 4% of the population travel by plane, according to Transport Ministry.—Paul A. Ebeling, Jnr. www.livetradingnews.com

Posted by on Aug 31st, 2010and filed underAsia, Equities, Latest News, Markets, News & Events.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site

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