The government is likely to inject more funds to resuscitate PT Merpati Nusantara Airlines from collapse as it opts to avoid liquidating the state-owned airline company due to high costs.
More funds are needed to support Merpati in repaying its significant debt, reported at Rp 1.6 trillion as of March 2010.
“Last year the company asked for Rp 1 trillion [of capital injection] from the government, but the government only came up with Rp 300 billion,” Said Didu, the secretary to the state-owned enterprises minister, said Friday.
A preliminary review of Merpati’s financial performance on Thursday by the ministry showed that the company was facing several problems including a lack of aircraft and of funds.
“Merpati is also struggling due to the delay in the delivery of aircraft from China,” he said.
Previously, Merpati ordered 15 propeller aircraft that were to have been delivered in January to strengthen eastern Indonesia routes to East Nusa Tenggara, Sulawesi and Papua. (not)
| 
|
|
|
|
|
|
|