IATA wins $50 million contract to lease three choppers

Jakarta (ANTARA News) - Publicly-listed PT Indonesia Air Transport Tbk (IATA) has won a US$50 million contract for the leasing of three helicopters to the West Natuna Consortium consisting of Conoco Philips, Premier Oil and Star Energy for five years.
The contract was signed at the IATA office here on Thursday in the presence of IATA President Commissioner Chappy Hakim, IATA President Director Roekman Prawirasasra, Conoco Philips Vice President for Development and Relations Razief Fikri, Premier Oil Asset Manager Jim Baber and Star Energy Vice President for Operations Engineering Asrini Haznam.
IATA now has six EC155B1 helicopters. "The other three helicopters will be leased to other companies and we are in the process of negotiating with them," Roekman said.
IATA is expected to post a net profit of Rp4.4 billion last year.(*) END

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