Malaysia' Nadi, Indonesia's Lion Air in low-cost carrier JV

KUALA LUMPUR: Malaysia's Nadi Sdn Bhd and Indonesia's PT Lion Airare teaming up to set up a low-cost carrier, Malindo Airway to ply the Asean routes, using the KLIA2 as the base.

The joint venture agreement was signed on Tuesday and the new carrier would focus on short-haul flights in the region. The first flight would be in May 2013 from KL to Indonesia. Nadi is a unit of the National Aerospace & Defense Industries, formerly known as Aerospace Industries Malaysia Sdn Bhd, which is a significant player mainly in the aerospace and defence industries, located in Subang.

Companies under the Nadi Group are Airod, Airod Techno Power, Aerospace Technology Systems Corp & SME Aerospace that primarily serves maintenance, repair & overhaul, engines modifications and upgrades, aerospace parts manufacturing and avionics.

Lion Air is Indonesia's largest private carrier. It flies to more than 36 cities in Indonesia and many other destinations such as, Singapore, Malaysia and Vietnam on a fleet of brand new Boeing 737-900ER.

-thestar online.