JAKARTA (TheInsiderStories) - State owned airport operator PT Angkasa Pura (AP) I plans to issue bonds around Rp14.5 trillion (US$1.09 trillion) and seeks loans about Rp10 trillion in four years term until 2020 to build five airport across Indonesia. In this year only, AP I plans to raise funds up to Rp3 trillion from bonds market and bank loans worth Rp4 trillion.
“We need funds to expand our airports that have a lack capacity and to match the market demand ,” Finance & IT Director of AP I Novrihandri told reporters at a media gathering on Thursday.
The company has obtained AAA rating with outlook Stable from Pefindo.
The five airports are Ahmad Yani Airport (Rp2.1 trillion), Juanda Airport (Rp9.1 trillion), Syamsudin Noor Airport (RP2.3 trillion), Sultan Hasanuddin Airport (Rp3.6 trillion) and new airport in Yogyakarta (Rp9.3 trillion). All these airports will have combined passenger capacity of 71.6 million by 2020.
As of today, AP I manages 13 airports located in the central and east Indonesia areas namely Ngurah Rai Airport, Juanda Airport, Hasanuddin Airport, Sepinggan Airport, Frans Kaisiepo Airport, Sam Ratulangi Airport, Syamsudin Noor Airport, Ahmad Yani Airport, Adisutjipto Airport, Adisumarmo Airport, Lombok International Airport, Pattimura Airport and El Tari Airport.
The port operator started its business since Feb 20 shortly after on Nov 15, 1962 the government enacted Government Regulation No. 33 year 1962 regarding the establishment of State-owned Enterprise Angkasa Pura Kemayoran.
On May 17, 1965 pursuant to Government Regulation No 21 year 1965 regarding Amendment and Supplement to Government Regulation No 33 year 1962, PN Angkasa Pura Kemayoran changed its name to PN Angkasa Pura.
Subsequently, by virtue of Government Regulation Number 37 year 1974, the legal status of the company changed to a Public Company (Perum). Virtue of Government Regulation Number 25 Year 1987, the name of Perum Angkasa Pura was changed to Perusahaan Umum Angkasa Pura I.
In 1992, the form of Perum was changed to a Limited Liability Company (PT), hence the name becomes PT Angkasa Pura I (Persero).
The composition of the Board of Directors of AP I is Sulistyo Wimbo Hardjito (President Director), Polana B Pramesti (Technical Director), Wendo Asrul Rose (Operations Director), Moch. Asrori (Marketing and Business Development Director), Novrihandri (Finance & IT Director), and Adi Nugroho (Human Capital & General Affairs Director). (*)