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View all search resultsObservers and industry players have questioned whether Garuda can bring Merpati Nusantara Airlines back to life, yet also highlighted opportunities in the cargo business and aviation services, which will be the line of business focus for the ailing airline.
The government has announced its plan to establish a team that will be tasked with preparing for the privatization of state-owned airline PT Merpati Nusantara Airlines, following a decision made by the Surabaya Commercial Court that ordered airline creditors to come to a solution.
The Indonesian Consumers Foundation (YLKI) supports the return of state-owned aircraft carrier Merpati Nusantara Airlines, heralding it a “positive catalyst” for equilibrium in a domestic industry dominated by Lion Air group, with a market share of 51 percent, Garuda Indonesia with 31 percent and Sriwijaya with 13 percent.
The State-Owned Enterprises (SOEs) Ministry has not a made decision on the fate of state-owned airline PT Merpati Nusantara Airlines, following a decision by the Surabaya Commercial Court that gave the airline room to seek a peaceful solution with its creditors.
State-owned airline PT Merpati Nusantara Airlines is on the edge of bankruptcy, with its creditors failing to agree to a peaceful resolution in the debt postponement petition (PKPU) hearing on Wednesday at Surabaya Commercial Court.
The Surabaya Commercial Court has extended the debt postponement petition (PKPU) for state-owned airline company PT Merpati Nusantara Airlines for 14 days as the court provides room for a better solution than bankruptcy.
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