Bali’s Air Paradise Still Searching for Investors

LEGIAN ~ Bankrupt Air Paradise International has thus far not secured any investors and therefore has no immediate plans to resume operations, The Bali Times has learned.

“We are still searching for investors and we are having discussions with some potential investors,” Air Paradise director Oka Semadi told The Times.

He said some were based overseas and that there was considerable interest in acquiring a stake in the currently non-operational airline.

Air Paradise, owned by Bali tourism-sector businessman Kadek Wiranatha, closed without warning two months after the second bombings here in October 2005, citing a lack of demand on its then sole Australia routes.

Possible suggested new flights for a revamped Air Paradise could include the lucrative Bali-Jakarta route. However, an update on the company’s website, dated March 4, 2009, bills the carrier as “the newest budget airline to hit Australia” with a wide range of destinations in Australia.

Semadi denied earlier media reports that said the company reportedly sold a 49-percent stake – the maximum foreign purchase allowed under Indonesian law – to an Australian airline, after failing to net investment from then Bali governor Dewa Beratha, who had expressed interest in reviving the island’s only international airline.

“That is not true. That is only a rumour,” he said, adding that there had been no follow-up discussions with current Bali Governor I Made Mangku Pastika.

“Bali needs to have its own airline; it’s very important,” said Semadi.

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4 Responses to “Bali’s Air Paradise Still Searching for Investors”

  1. Bali’s Air Paradise Still Searching for Investors | Berita Terbaru - Indonesia Breaking News - Berita Terbaru Bahasa Indonesia & Inggris Says:

    […] Source: The Bali Times […]

  2. Bob Krawczuk Says:

    I will be one of the many people to be the first knocking on their door DEMANDING my money back if they reopen, Kadek was still stealing from people for months while HE KNEW THAT AIR PARADISE WAS BROKE!! How about it Bali Times, mentioning what he did??”

  3. Bob Krawczuk, Renmark South Australi Says:


  4. Les Williams Says:

    The article appearing in the Website is absolutely “pie-in-the-sky” stuff – surely posted as a joke! With the Australian domestic market already saturated with professional operators operating new aircraft, I can not see, even if this article is serious, how a company with the background of Air Paradise, particularly if they were considering flying very old “buckets-of-bolts” as they were before the “collapse” (aka “saga of Pak Kadek”),could pass the scrutiny of CASA and Australia’s Authorities.

    The time-limit to “fly or lose licence” issued by Indonesian Authorities (which I thought had past) must be extremely close, hence a last minute “grasping at straws”.

    If they re-commence operations, I will also be one of the many waiting in the wings with cap-in-hand looking for the AU$70,000+ which my Australian Travel Agency lost – and it will be a LONG line!