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Jakarta Post

Lack of credit facility discourages PTDI’s overseas buyers

  • Norman Harsono

    The Jakarta Post

PREMIUM
BANDUNG   /   Thu, October 31, 2019   /  01:51 pm
The Jakarta Post Image
PT Dirgantara Indonesia (PTDI) manufactures its airplane in its factory in Bandung, West Java. The company delivered a CN235-220 airplane to Nepal on Wednesday.(The Jakarta Post/Marguerite Afra Sapiie)

Several foreign customers have turned down airplanes made by Indonesia’s state-owned aircraft manufacturer PT Dirgantara Indonesia (PTDI) due to a lack of buyer credit facility provided to overseas buyers. PTDI president director Elfien Goentoro told reporters in Bandung on Wednesday (30/10) that offering of such credit, which gave buyers payment flexibility at generally lower interest rates, could attract overseas customers to buy PTDI aircraft. “Without buyers credit, it’s difficult to compete because competitors such as Airbus can offer buyers credit at values we are unlikely to be able to match,” he said, naming Argentina as one country to turn down a PTDI offer due to the absence of such credit. PTDI sent on Wednesday a CN235-220 airplane to Nepal, which is the second country this year to receive a PTDI plane. The first country was Thailand, which re...