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Jakarta Post

Sriwijaya Air in talks with several investors to boost operation

  • Riska Rahman

    The Jakarta Post

PREMIUM
Tangerang, Banten   /   Tue, January 21, 2020   /  05:23 pm
The Jakarta Post Image
A Sriwijaya Air aircraft takes off in this file photo.. The airline is in talks with a number of investors to boost its operation.(-/Reska K. Nistanto)

Private airline PT Sriwijaya Air is currently in talks with several investors to boost the airline’s operation following the termination of its partnership with national flag carrier PT Garuda Indonesia last year. 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 th...