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Jakarta Post
The Jakarta Post
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Batavia Air suffers $123 million debt: Trustees

  • Nurfika Osman

    The Jakarta Post

Jakarta | Thu, February 7 2013 | 12:33 pm

PREMIUM The trustees appointed to deal with Batavia Air have estimated that the bankrupt airline accrued over Rp 1.2 trillion (US$123.58 million) in debt to several parties including lessors, employees, passengers and business partners.

The magnitude of debt convinced the Central Jakarta Commercial Court to declare the company bankrupt, following the review of a petition by the International Lease ...