PT Cahaya Aero Services Tbk's management explains the business in its own materials. The slides below do the most of that work, pulled from the documents preserved in Sources. Each source link opens the complete presentation at that slide in a new tab.
Management's current self-description: group structure, what each subsidiary sells, where it operates, and FY2025 volumes and results. · Open the full document →
p. 4 — Forty years from JAS ground handling in 1984 to the 2024 EMTEK takeover and the 2025 rename — the corporate lineage in one timeline. · Open the full presentation →p. 5 — Ownership after the change of control: EMTEK 61%, SATS 21.65%, public 17.35%. Both strategic holders are aviation-services operators. · Open the full presentation →p. 6 — The four operating subsidiaries and CAS's stake in each — JAS is consolidated at 50.1%, so minority interests are large. · Open the full presentation →p. 7 — What the group sells, mapped onto an aircraft turnaround: ground and cargo handling, line maintenance, inflight and institutional catering. · Open the full presentation →p. 8 — The footprint — 17 Indonesian airports, with which of the four service lines operates at each. · Open the full presentation →p. 9 — The certification stack. The foreign regulator approvals are what let JAS Aero release other countries' airlines' aircraft. · Open the full presentation →p. 10 — FY2025 volumes across the five things the company counts: flights, cargo tonnes, lounge guests, certification releases and meals. · Open the full presentation →p. 11 — Management's own four priorities for the year — capacity, people, IT and governance — stated in its own words. · Open the full presentation →p. 12 — What digital transformation concretely means here: back-office ERP, digitised ramp checklists, lounge billing, cybersecurity. · Open the full presentation →p. 13 — The ESG agenda, including electrification of ground support equipment — the main decarbonisation lever a ground handler has. · Open the full presentation →p. 15 — Contract wins station by station, January to March 2025: Scoot, LOT, Singapore Airlines, Xiamen, Jetstar Asia, Cathay Pacific. · Open the full presentation →p. 16 — Wins from March to October 2025 — Saudia, Etihad, Loong Air, Hainan — plus the first IATA CEIV Fresh certification in Indonesia. · Open the full presentation →p. 17 — The close of 2025 into January 2026: Qantas, Eastar Jet, Vietjet, Air India, and Scoot at three further stations. · Open the full presentation →p. 18 — JAS's Denpasar station named world's best ground handling station for 2025 — an outside read on service quality. · Open the full presentation →p. 20 — FY2025 revenue Rp3.25tn (+19%), net income Rp840bn (+18%), profit attributable to the parent Rp457bn (+22%). · Open the full presentation →p. 21 — Balance sheet: assets Rp3.23tn (+22%), liabilities down 5% to Rp0.98tn, equity up 39% to Rp2.25tn. · Open the full presentation →
Indonesian-language AGM deck, and the only document in the corpus that breaks revenue and operating metrics out by business segment. · Open the full document →
p. 18 — The group as it was then structured — four pillars including CAS Facility and CAS People, both since gone from the corporate chart. · Open the full presentation →p. 19 — Segment revenue: CAS Destination is about 90% of the group. Food, facility and training are small by comparison. · Open the full presentation →p. 20 — FY2021 P&L. Note the split — Rp142bn group profit but only Rp33.7bn to the parent; minorities take most of it. · Open the full presentation →p. 21 — FY2021 balance sheet, showing the cash build and the leverage the company carried out of the pandemic. · Open the full presentation →p. 26 — The station map at its widest, when catering and facility sites away from airports were still part of the group. · Open the full presentation →p. 27 — Ground handling and catering volumes: cargo tonnage, stations, flights handled, meals and headcount for JAS, JAE and the food units. · Open the full presentation →p. 28 — Facility and training volumes — laundry kilos, clients, pilots trained, simulator hours — for the segments later wound down. · Open the full presentation →
The pandemic-trough deck. Worth four slides because it carries the 2019 pre-COVID baseline and per-employee economics side by side. · Open the full document →
p. 21 — Segment revenue against the 2019 peak: group -44%, catering -56%, training -79%. The cyclicality, quantified. · Open the full presentation →p. 22 — FY2020 versus FY2019 P&L with EBITDA. A 44% revenue fall took operating profit from Rp435bn to Rp29bn — operating leverage both ways. · Open the full presentation →p. 27 — Revenue and EBITDA per employee per month for JAS and JAE — the closest the corpus comes to unit economics for ground handling. · Open the full presentation →p. 28 — Meal, laundry and pilot-training volumes for 2020 against 2019, sizing the non-handling segments at their pre-COVID peak. · Open the full presentation →
FY2024 Annual General Meeting — Agenda and Explanations — FY2024 · 13 pages · The first AGM under EMTEK control: agenda and explanations for the FY2024 accounts, profit appropriation and auditor appointment. · Open →
Extraordinary General Meeting — April 2025 — 2025 · 5 pages · Where the rename from Cardig Aero Services to Cahaya Aero Services was put to shareholders. · Open →
Extraordinary General Meeting — June 2024 — 2024 · 5 pages · The board reconstitution two months after EMTEK bought control — who the new owner installed. · Open →
Extraordinary General Meeting — July 2022 — 2022 · 15 pages · SATS executives joining the board, with bios — what governance looked like before EMTEK arrived. · Open →
FY2019 Annual General Meeting Presentation — FY2019 · 56 pages · The last fully pre-COVID year: Rp2.19tn of revenue and the operating volumes that went with it. · Open →
