Airline an Indonesian entity

Grim news: Indonesian National Transportation Safety Board chief Tatang Kurniadi confirming that flight QZ8501 from Surabaya, Indonesia to Singapore had lost contact with air traffic control after it requested to ascend to a higher altitude to avoid bad weather.

Petaling Jaya: AirAsia, which has been operating in Indonesia for more than 10 years, is 49% owned by Malaysia-listed AirAsia Bhd and the remaining stake is held by an Indonesian company that has three individuals as its shareholders.

According to industry officials, they are Pin Harris with 20%, Senjaya Wijaya with 21% and privately held entity PT Fersindo Nusaperkasa with 10%.