The story
The airline was established and started operations in 1971. It was established to provide helicopters and fixed-wing aircraft to the oil exploration industry in Indonesia, initially as an Australian-Indonesian joint venture, but evolved into a fully Indonesian-owned and operated company in 1982 when it acquired Zamrud Aviation Corporation. It was owned by Frank Reuneker (53%) and other shareholders (47%).
From Wikipedia’s article on Airfast Indonesia, shared under CC BY-SA 4.0.3
