Indonesia AirAsia is a low cost carrier based at Jakarta Soekarno-Hatta International Airport. The airline was established as a JV between Malaysian LCC AirAsia (49%) and PT Fersindo Nusaperkasa (51%). Indonesia AirAsia operates a fleet of Airbus A320 aircraft both domestically and internationally to destinations in South East Asia and Australia. In 2017, AirAsia's wholly owned subsidiary AirAsia Investment Limited executed multiple agreements to become the new holding company of Indonesia AirAsia.