JAKARTA, 04 February 2006 - The Indonesian government said Saturday it would allow Australia's Qantas Airways Ltd. to buy a stake in local budget carrier PT Adam Sky-Connection Airlines but warned against majority ownership. "We welcome the cooperation between national airlines with their (foreign) strategic partners as long as they abide by the law," Minister of Transportation Hatta Radjasa told reporters here.

He was commenting on the planned purchase of a stake in Adam Air, the popular name of the Jakarta-based company, by Qantas. "But they cannot hold majority ownership. They can buy 49 percent at the maximum," Hatta said before joining a cabinet meeting on economic issues. "We welcome them. Strategic partnership is all about business, the government can only play its regulatory role," he said.

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