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 in Need of a Cash Lift
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 in Need of a Cash Lift

Merpati Awaiting US$63.6 million Government Cash Injection to Continue Financial Restructuring Efforts.


Bali News: Indonesia, Merpati Nusantara, restructuring, Chinese Aircraft, MA-60, PT Perusahaan Pengelola Aset, PT PPA, Renny Rorong
Click Image to Enlarge

(5/16/2011)

Merpati Nusantara is in need of a cash injection from the Indonesian government of Rp. 560 billion (US$63.6 million).

The corporate secretary for PT Perusahaan Pengelola Aset (PT PAA), Renny Rorong, told Kompas, "we are awaiting the decision of the Committee for Restructuring and Revitalization which is led by the Minister of State-Owned Enterprises for the additional capitalization of Rp. 560 billion."

According to Renny, the proposed funds will be used for the maintenance of aircraft engines, upgrades in maintenance facilities, making the company cash positive and improving the company’s information technology system. These improvements were those recommended by PT PAA to the government as part of the restructuring of Merpati.

Merpati’s restructuring program is taking place in accordance with a decision taken in office of the Indonesian president on August 7, 2008.

Renny told the press that the PT PAA had earlier advised Merpati that the plans to purchase Chinese-made MA-60 aircraft were very sensitive to passenger loads, the cost of fuel and the number of operating days.

Merpati’s purchase of the Chinese aircraft has been criticized following the fatal crash of one of the newly purchased aircraft in Papua in early May.

Related Article

[Merpati Nusantara to Have its Wings Clipped?]


© 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
Kiwi’s Keen on Bali
Air New Zealand Looking to More than Double Passenger Capacity Between Auckland and Bali in 2018
(7/23/2017)
Silhouettes that Break Cold Sweats
Bali Police Install Replica Police Cars on Road Sides to Reduce Traffic Violations
(7/23/2017)
An Unexplained Death
New Zealander Dies After a Night of Drinking at an East Bali Hotel
(7/23/2017)
The Belgium Who Fell From Above
Belgium Tourist Commits Suicide By Jumping from Villa North of Ubud
(7/24/2017)
No Shortage of Oranges
Bali’s Kintamani Orange Prices Drop to Record Lows
(7/23/2017)
Purposely Vague Recollections
Man Beaten By Transvestites and Left Naked in a Bali Field Released from Hospital
(7/23/2017)
Now Infamously Famous
Actor Jeremy Thomas to Have His Day in Court on Charges of Embezzlement and Fraud in Ubud Property Case
(7/23/2017)
A Young Life Gone Up in Smoke
Italian Facing a Dozen Years in Jail for Three Joints of 'Ajapa-japa'
(7/23/2017)
Pursuing Princesses
Princess Cruise Lines Lists Improvements Needed to Attract More Cruise Ship Visits to Indonesia
(7/23/2017)
Tropical Cancer Care
Bali Developing Cancer Treatment Center at Mangusada General Hospital
(7/23/2017)
Arshole Incarceration
Madurese Laborer Get 12-years for Smuggling Methamphetamines Concealed in his Anus
(7/23/2017)
Faulty Towers
Bali-based Resistance to “Bali-Crossing” High Voltage Line Grows
(7/23/2017)
All [News]!