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Jakarta Post

Sriwijaya Air in talks with investors to boost operation

  • Riska Rahman

    The Jakarta Post

Tangerang, Banten   /   Thu, January 23 2020   /  01:56 am

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 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.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 partn...