Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Merpati Nusantara to Have its Wings Clipped?
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

Merpati Nusantara to Have its Wings Clipped?

Aircraft Leasing Companies Moving to Seize Boeing 737 Aircraft Due to Unpaid Charter Payments by Merpati Nusantara Airline.


Bali News: Indonesia, Merpati Nusantara Airline, Tony Aulia Achmad, Iwan Nurjadi, Nurjadi Sumono Mulyadi & Pranoto, Boeing 737, Aircastle, Jetlease
Click Image to Enlarge

(5/7/2011)

Seven Boeing 737-300s flown by Merpati Nusantara Airline may be withdrawn by the owners who leased the aircraft to the State-owned airlines due to unpaid rentals of Rp. 50 billion (US$5.5 million).

Bisnis.com confirms that one Boeing 737-300 owned by Aircastle and based in Surabaya was repossessed on Wednesday, May 4, 2011.

Iwan Nurjadi, an attorney from the firm of Nurjadi, Sumono, Mulyadi & Pranoto (NSMP) representing 3 aircraft leasing companies, said there were unpaid debts of US$2.5 million owned to his clients, including Jetlease, since March 2011.

Said Nurjadi: "Merpati owes payments to the three leasing companies who are our clients, one of whom is Jetlease."

In order to minimize further debt exposure to the 3 leasing companies, Nurjadi said his office plans to seize the 3 aircraft on behalf of his clients by the end of May 2011.

Nurjadi went on to explain that he was aware that Merpati also owed money to two more leading companies, putting a total of seven Boeing 737-300s and 5 reserve engines at risk of confiscation. He also said the total owed to aircraft leasing companies amounts to Rp. 50 billion.

The lawyer said he had formally written to the Minister of Finance to advise the airline's default and to ask the government, as the company's chief stockholder,  its plans to address the threat of aircraft seizure.

In a separate article in Bisnis.com, the commercial director of Merpati, Tony Aulia Achmad, told the press that the airline is not in default of its debts although it is unable to pay the outstanding amounts in full.

Commenting on allegations that they owe US$2.5 million to the aircraft leasing companies, Achmad said: "The amount is not that large. Maybe that amount include penalties. We are not in default, we have just not paid the full amount."


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Indonesian Made Grills Considered the World’s Best BBQ
American Expat Dennis Linkletter Runs Company Making What is widely Considered the World’s Best BBQ Grill and Smoker in Bali
(8/21/2017)
Films on the Beach at Nusa Dua
Saturday Night at the Movies on the Beach at Ayodya Resort Bali with ‘Rocky Horror Picture Show’ - August 26th and M*A*S*H - September 2, 2017
(8/20/2017)
One Dead when Bus Plunges into National Park
One Dies in Inter-Provincial Bus Accident Near Bali Port of Gilimanuk
(8/20/2017)
Hyping the News on Property
‘The Australian’ Writing on Booming Bali Real Estate Market Dangerously Misleads Foreigners Looking to Purchase Property in Bali
(8/20/2017)
On the Beach an Orchestra’s Playing
Padma Resort Ubud and Padma Resort Legian Present the Jakarta Concert Orchestra September 2nd and 3rd 2017
(8/20/2017)
Marching for Country, Island, and Community
Sanur Community Stage Independence Day Torch-lit Parade to Protest Benoa Bay Reclamation
(8/20/2017)
Seeking to be of Service to India
Bali Discovery Now Represented in the Indian Market by Eazee Connect Respz in Mumbai
(8/20/2017)
A Recipe for Brat-Worse
Prosecutors Seeking Sentence Review and Harsher Sentence for Son of Bali Legislator Convicted of Murder
(8/20/2017)
Eliminating Dirty Cops
Bali Chief of Police Urges Execution on Site of Policemen Found Involved in Narcotics Trade
(8/20/2017)
Oh, Yes, Calcutta
Bali to Calcutta Flights by AirAsia Confirmed to Start on October 1, 2017
(8/20/2017)
Register to Swim, Run, and Cycle in Bali
Herbalife Bali International Triathlon Returns to Bali October 15, 2017
(8/20/2017)
Sekali Merdeka! Tetap Merdeka!
Passengers at Bali’s Airport Included in Indonesian Independence Day Celebrations on August 17-18, 2017
(8/20/2017)
All [News]!