Indonesia Air gets $50m contract from ConocoPhillips

JSX-listed chartered air transportation firm PT Indonesia Air Transport said on Tuesday that it has got a helicopter charter sharing service contract from oil and gas firm ConocoPhillips .

 

Under the contract worth of US$49.95 million, Indonesia Air will lease three helicopter to the American firm a period of 5 years beginning February 1 , 2008, the company said in a statement. (denny)