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Turkish airport company bets on Indonesia's 'massive' growth

JAKARTA -- The Turkish airport ground services company that recently acquired an Indonesian peer expects "massive" growth in the Southeast Asian nation's aviation sector, its chief executive said.

Celebi Aviation has announced the acquisition of 100% of Prathita Titiannusantara (PTN), an Indonesian ground handling company, for 7.5 million euros ($8.2 million), marking its entry into Southeast Asia's largest economy.