JAKARTA (Yosefardi) – PT Indonesia Transport & Infrastructure Tbk (IATA) plans to issue 10% new shares through non-preemptive rights scheme along with the business development in the political year.
The company allocates capital expenditure (capex) of US$20-22 million for this year, used to fund the purchase of 2 private jets.
Now the company operates 11 flight units. IATA booked revenue of Rp84 billion in first quarter of this year. In 2013, it booked revenue of US$28.25 million. It suffered net loss of US$2.38 million last year.