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 · Parliament Throws Merpati a Lifeline
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

Parliament Throws Merpati a Lifeline

Ailing Government-owned Airline Given Emergency Funding to Keep Flying.


Bali News:
Click Image to Enlarge

(7/16/2005)

Indonesia's Minister of Transportation, Hatta Radjasa, has told Tempo Interaktif.com that the Government is committed to saving P.T. Merpati Airlines from financial collapse.

The Minister's statement, made following a meeting with Commission V of the National Parliament, followed a decision to extend an emergency cash injection of Rp. 450 billion (approximately US$46.4 million) to avoid a complete cessation of services by the carrier. The cash injections, according to the Minister, will be divvied out in installments with the understanding that the airline's management will commence an immediate downsizing and re-invention of itself as a low-cost carriers while seeking a suitable private investor to secure the Company's future.

Merpati is currently estimated to be hemorrhaging some Rp. 40 billion (approximately US$4.1 million) each month, caused by deep-seated inefficiencies, including bloated payrolls established in the carrier's salad days. At one time, Merpati flew to over 60 domestic and regional destinations. Today, however, the Carrier flies an aging and fuel-inefficient fleet serving only half as many ports-of-call.

According to Minister Hatta, closing the airline completely is "not an option" with the estimated cost of closing the Airline's door approaching Rp. 2 trillian (approximately US$206 million).


© 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
Are you on the Run?
More than 1,500 Participants Expected at Herbalife Bali International Triathlon August 14, 2016
(7/25/2016)
Death at Double Six Beach
Canadian Presumed to Have Drowned Off Double Six Beach in Bali
(7/25/2016)
Danish Tourist Dies on Tour
Danish Tourist Dies of Apparent Heart Attack While Touring Bali’s Rice Terraces
(7/25/2016)
Going Ape on Your Birthday
Niluh the Orangutan Invites 55 Children to Celebrate Her Birthday and National Children’s Day at the Bali Safari Marine Park
(7/25/2016)
Let the Dream of a Better Tomorrow Begin
Beyond Bali: Sumba Hospitality Foundation Inaugurate East Nusa Tenggara’s First Hotel School in West Sumba
(7/25/2016)
One Moment in Time
MOMENTS – An Exhibition of Photography by Michael Johnsey July 29- August 11, 2016
(7/25/2016)
Illegal in Plain Sight
Local Transport Drivers Enraged Over Billboards Advertising Illegal Online Transport Services
(7/24/2016)
Whitton’s Whippin
Australian Teen Beaten Savagely by Ojek Driver in Kuta, Bali After Refusing Transport Services
(7/24/2016)
Rubbing, The Wrong Way
The Banjar Bali in Kuta Raided by Police for Employing Underage Girls as Therapists
(7/24/2016)
Mourning Putu
Four-Year-Old Balinese Child Drowns at Canggu Club Pool
(7/24/2016)
Failed Approach to Landing
Bali Airport Closed for 45-Minutes to Undertake Runway Repairs
(7/24/2016)
An Airport Too Inviting
Confusion Reigns Over Rumors of Premature Invitations Issued for Cornerstone Ceremony for North Bali Airport
(7/24/2016)
All [News]!