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Seven Boeing 737-300s flown by Merpati Nusantara Airline may be withdrawn by the owners who leased the aircraft to the State-owned airlines due to unpaid rentals of Rp. 50 billion (US$5.5 million).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
Sunday Best in Ubud
Cucina Sundays: Weekend Brunch in Style at Uma Cucina
(4/12/2015)
The Beach Belongs to Everyone
Hotel Project in Canggu Accused of Violating Zoning Laws
(4/12/2015)
New Beer Regulations Will Apply in Bali
Trade Minister Says Bali Will Not Be Exempted From Enforcement of the New Rules Limiting Beer Sales
(4/12/2015)
A Now for Something Completely Different
Bene Italian Kitchen at the Sheraton Bali Kuta Resort Proclaims ‘No Phone Fridays’
(4/12/2015)
Hear Ye, Hear Ye
Bali Update Editor to Speak on ‘Enough is Enough’ at Rotary Club Bali Nusa Dua on April 23, 2015
(4/12/2015)
A Place in Bali to Rome
Made Sukadana to Head Jamie Oilver’s Italian Restaurant in Kuta
(4/12/2015)
Lunch Under Sail in Bali
Luncheon Island Discovery Cruise of Nusa Lembongan Launched by Bali Hai Cruises
(4/12/2015)
Miracle Cure by the Bowlful
Asian Comfort Food of Noodles and Congee on Offer 24 Hours a Day at The Trans Resort Bali
(4/12/2015)
A Capital Idea
Bali Promotes Denpasar Heritage Tours
(4/12/2015)
Criminals Posing as Tourists
Bali Police Warn Locals to Be Aware of Possible Criminal Acts by Tourists in Bali
(4/12/2015)
Striking a Healthy Balance in Bali
8 Honored for Putting Bali First in 2015 Tri Hita Karana Awards
(4/12/2015)
Patients Must be Patient
Bed Shortage at Emergency Care Center of Bali’s Sanglah Hospital
(4/12/2015)
All [News]!