Turkish airport company bets on Indonesia's 'massive' growth

Ground service provider Celebi buys into Southeast Asia's largest economy

20240606 Jakarta airport

A plane is seen on the tarmac of Soekarno-Hatta International Airport near Jakarta. Indonesia's gateway is one of the airports that Prathita Titiannusantara provides ground services. © Reuters

ISMI DAMAYANTI, Nikkei staff writer

JAKARTA -- The Turkish airport ground services company that recently acquired an Indonesian peer expects "massive" growth in the Southeast Asian nation's aviation sector, its chief executive said.

Celebi Aviation has announced the acquisition of 100% of Prathita Titiannusantara (PTN), an Indonesian ground handling company, for 7.5 million euros ($8.2 million), marking its entry into Southeast Asia's largest economy.

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