The story
Asia Avia Airlines was established and started operations in 2003. It was wholly owned by PT Asia Avia Megamata. In 2006, all flight operations were suspended and the licence was withdrawn. In February 2007, the Transportation Ministry delayed the license revocation of 11 idle airlines, including Asia Avia Airlines, to give restructuring opportunities to the operators, which did not materialize.
From Wikipedia’s article on Asia Avia Airlines, shared under CC BY-SA 4.0.3