THE EFFECTS OF MERGERS AND ACQUISITIONS BETWEEN GARUDA INDONESIA GROUP AND SRIWIJAYA AIR GROUP TOWARDS INDONESIAN DOMESTIC AVIATION MARKET

SEPTIANISH EKAPUTRI, Tarsisius Hani Handoko, M.B.A., Ph.D.

2020 | Tesis | Magister Manajemen

Aliansi dan kemitraan dalam industri penerbangan adalah praktik umum yang dilakukan oleh para pemainnya. Terdapat beberapa motif mendasar pada setiap merger dan akuisisi yang menyebabkan peristiwa ini terjadi. Dalam penelitian ini, studi ini akan fokus pada pasar maskapai Indonesia. Beberapa saat yang lalu, sebuah perusahaan milik negara, Garuda Indonesia Group, bergabung dengan perusahaan milik swasta bernama Sriwijaya Air Group. Penelitian ini menganalisis efek eksternal dari merger dan akuisisi antara dua maskapai penerbangan Indonesia; Garuda Indonesia Group dan Sriwijaya Air Group. Penelitian akan didasarkan pada literatur sebelumnya tentang merger dan akuisisi di industri penerbangan serta motif merger dan akuisisi itu sendiri. Studi ini akan melihat beberapa efek dari merger dan akuisisi di pasar Indonesia setelah kompetisi duopoli muncul. Pada akhir penelitian, Peneliti akan menggambarkan penerbangan domestik Indonesia di masa depan dan bagaimana kompetisinya.

Alliances and partnerships within the airline industry are common practices done by its players. Behind the merger and acquisition, there are usually some underlying motives that cause this event to occur. In this research, the study will focus on the Indonesian airline market. Recently, the government-stated owned enterprise, Garuda Indonesia Group, merged with a private-owned company named Sriwijaya Air Group. This research analyzes the external effects of mergers and acquisitions between two Indonesian airline groups; Garuda Indonesia Group and Sriwijaya Air Group. The research will be based on the previous literature about mergers and acquisitions in the airline industry as well as the motives of the mergers and acquisitions itself. The study will highlight some effects of the post-mergers and acquisitions in the Indonesian market after the duopoly competition arises. At the end of the research, researchers will illustrate the future Indonesian domestic aviation and the competition will be.

Kata Kunci : Airline Mergers and Acquisitions, Airlines Industry, Domestic Airline Industry, Domestic Flights, Garuda Indonesia Group, Sriwijaya Air Group