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Merpati to receive cash to pay debts
JAKARTA: Ailing state airline Merpati Nusantara Airlines is scheduled to receive a loan from the government next week worth Rp 561 billion (US$ 57 million) to help improve its services and expand its flight network
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AKARTA: Ailing state airline Merpati Nusantara Airlines is scheduled to receive a loan from the government next week worth Rp 561 billion (US$ 57 million) to help improve its services and expand its flight network.
Merpati president director, Sardjono Jhony, said late on Monday that the fund would help improve business and would pay off the airline’s debts to the tune of Rp 280 billion.
“The asset management company, PT PPA, is scheduled to conduct a general shareholders meeting on Friday, and as soon as the shareholders agree to disburse the bridging loan, we’re going to settle our short-term debts,” said Sardjono.
Aside from the government, Merpati’s shareholders also include PT Garuda Indonesia. /(nfo)
