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View all search resultsWest Java aims to swap Kertajati airport assets for stake in Bandung airport
The West Java administration plans to give its stake in Kertajati International Airport in Majalengka to the central government and in return get a stake in Husein Sastranegara Airport in Bandung.
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Kertajati International Airport, also known as West Java International Airport, is seen on Dec. 13, 2019,in Majalengka, West Java. (Shutterstock/Randy Imanuel)
T
he West Java administration plans to give its stake in the Kertajati International Airport in Majalengka to the central government and in return get a stake in Husein Sastranegara Airport in Bandung.
The plan was to be implemented in 2027 to accelerate development at the Kertajati airport and would involve transferring full management control to the central government, as the local authority seeks to secure regional assets in other areas, West Java Development Planning Board (Bappeda) head Dedi Mulyadi said.
“The governor sees transferring the ownership from the province to the central government as one way to accelerate the development of Kertajati, meaning that the province will relinquish its majority stake in Kertajati,” he said in Bandung on Tuesday, as quoted by news agency Antara.
In return, Dedi added, the local authority aimed to acquire ownership of Husein Sastranegara Airport.
The West Java government currently holds 70 percent of Kertajati's shares, while the remainder is owned by state-owned airport operator PT Angkasa Pura II and the West Java civil servant (ASN) cooperative.
Read also: Java airports grounded by low demand, poor planning
Majority ownership comes with the burden to manage the airport amid ballooning operational costs. Bappeda head Dedi said that handing over the stake to the central government is expected to allow streamlined operational control, services and flight route arrangements without local bureaucratic hurdles.
