Konoike Transport has extended a loan with stock conversion rights to PT Cardig Aviasi Utama (CAU), an Indonesian airport ground handling company.
CAU was established in October 2024 and operates a ground handling business at Halim Perdanakusuma International Airport in Jakarta. As air transportation plays an important role in Indonesia, a country made up of numerous islands, demand for air passenger and cargo transportation is expected to continue growing. Accordingly, business opportunities in the airport ground handling market are also expected to expand.
Konoike Transport will provide its expertise in the efficient operation of ground handling services, safety and quality management, and personnel training, cultivated at major airports in Japan. It will also dispatch specialized personnel and participate in business operations based on its right to nominate directors.
The KONOIKE Group operates ground handling services at eight airports in Japan: Tokyo/Narita, Tokyo/Haneda, Osaka/Kansai, Osaka/Itami, Kobe, Fukuoka, Kagoshima, and Okinawa/Naha. In its Medium-Term Management Plan 2027, the company has positioned its airport business as one of its priority businesses. Going forward, through joint business operations with CAU, the company aims to deepen its understanding of the Indonesian market and, together with CAU, expand ground handling operations to other major airports across Indonesia.
Notice
This article was generated using automatic translation by GPT-4 API. The translation may not be accurate.
