Sriwijaya Air’s finance director Andreas Gunawan said the airline hoped there would be strategic investors willing to inject funds to boost the operation, which has significantly declined following the termination of the partnership with Garuda due to a dispute over the use of the latter’s logo.

 “The investors are both from Indonesia and abroad,” he said during a media gathering event in Tangerang, Banten on Monday.

The dispute began after Garuda announced in September it would remove its logo from aircraft operated by Sriwijaya Air and its subsidiary, NAM Air. Both airlines, however, were able to resolve the dispute and continued their cooperation after that.

But the agreement did not last long as in November, Sriwijaya’s lawyer and shareholder Yusril Ihza Mahendra said in a statement that the airline had decided to end the partnership with Garuda.

The partnership was initially meant to save the financially struggling Sriwijaya Air. Under the partnership, Sriwijaya Air could benefit from Garuda Indonesia’s extensive network. However, a power struggle between Sriwijaya Air and Garuda Indonesia executives resulted in an unhealthy relationship.

Andreas said the company would finance its operational needs from its own funds.

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