JAKARTA Sept 13 (Asia Pulse/Antara) -- Publicly-listed PT Indonesia Air Transport (JSX:IATA) has won a US$49.9 million contract with ConocoPhilips Indonesia to lease three EC155B1 helicopters, an IATA executive said.

"On September 10, 2007, we received a letter of intent from ConocoPhilips dated September 7 to lease three of our helicopters," IATA finance director Krisman Tarigan said here Wednesday.

 

 

The letter of intent said ConocoPhilips would lease the choppers for five years, namely from February 1, 2008 to January 2013.

According to IATA's business profile, the company's main activity is provision of air transportation services such as aircraft and helicopter chartering, air cargo, repair shop and maintenance and other related services.
As per Dec 31, 2006 the company had seven aircraft and 8 helicopters. All of its operations take place in Indonesia.