PT. Indonesia AirAsia (operating as Indonesia AirAsia) is a low-cost airline based in Tangerang, Indonesia. It operates scheduled domestic, international services and is an Indonesian associate carrier of Malaysian low-fare airline AirAsia. Its main base is Soekarno-Hatta International Airport, Jakarta. Until July 2010, Indonesia Air Asia, along with many Indonesian airlines, was banned from flying to the EU due to safety concerns. However, the ban was lifted on July 2010. Indonesia AirAsia is listed in category 1 by Indonesian Civil Aviation Authority for airline safety quality. In 2011, this 100 percent Airbus airline dominated international market in Indonesia by 41.50 percent.

The airline was established as Awair (Air Wagon International) in 1999 by Abdurrahman Wahid, former chairman of the Nahdlatul Ulama Muslim organisation. He had a 40% stake in the airline which he relinquished after being elected president of Indonesia in October 1999. It started operations on 22 June 2000 with Airbus 300/310 aircraft, but all flights were suspended in March 2002. Awair started operating domestically within Indonesia as an associate of AirAsia in December 2004.

On 1 December 2005, Awair changed its name to Indonesia AirAsia in line with the other AirAsia branded airlines in the region. AirAsia Berhad has a 49% share in the airline with Fersindo Nusaperkasa owning 51%. Indonesia's laws disallow majority foreign ownership on domestic civil aviation operations.

The company appointed CIMB Securities Indonesia and Credit Suisse Securities Indonesia as joint-lead underwriters for the 20 percent IPO in the fourth quarter 2011.

A buy out of Batavia Air was announced on 26 July 2012. It was to be in two stages with AirAsia to buy 76.95% shares form Metro Batavia in a partnership with Fersindo Nusaperkasa (Indonesia AirAsia). By 2013, AirAsia was to acquire the remaining 23.05% held by other shareholders. The acquisition of Batavia Air by AirAsia Berhad and Fersindo created some controversy with Indonesian regulators at the time.

...
Wikipedia