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 · Private Investors Eyeing Merpati
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

Private Investors Eyeing Merpati

Minister for State-Owned Enterprises Insists 3 Investors Vying to Provide Emergency Funding for Ailing Air Carrier.


Bali News:
Click Image to Enlarge

(7/30/2005)

If recent statements by Indonesia's Minister for State-Owned Enterprises, Sugiharto, are correct, the financial salvation of Indonesia struggling government-owned Merpati Nusantara Airlines may be at hand.

As reported in the Indonesian-language Bisnis Indonesia, Sugiharto has announced that three private investors are competing against each other to provide the Rp. 75 billion cash injection (approximately US$ 7.65 million) needed to keep the Airline operating for the coming three months. As reported on balidiscovery.com [ Parliament Throws Merpati a Lifeline ], the ailing domestic carrier and former subsidiary of Garuda Indonesia is hemorrhaging cash and in desperate need of funds and a restructuring to re-emerge as a low-cost airline able to compete in the current marketplace.

While Minister Sugiharto remains tight-lipped on the identity of the investors eyeing a stake in Merpati, he publicly asked all three to avoid taking any steps that might disturb current restructuring efforts underway at the Carrier.

As part of that restructuring, the Government and Merpati are working to reschedule the Airline's Rp. 1.6 trillion debt (approximately US$163.2 million), now in serious arrears, as well as modernize its antiquated armada of aircraft.

The Minister has given Merpati until the end of the current month to secure the required cash injection from private sources.


© 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
Cherish the Children
4th Asian Forum on the Rights of Child Hosted at Bali Safari and Marine Park
(11/28/2016)
A Holiday that Sparkles Like a Jewel
Celebrate The Holiday Season At The John Hardy Ubud Workshop & Showroom
(11/27/2016)
That’s the Lot
Tanah Lot On Target to Receive Record Number of Visitors for 2016
(11/27/2016)
Missing Punters
Water Sports Operator at Tanjung Benoa at a Loss to Explain Sudden Downturn in Business
(11/27/2016)
Keeping AIDS at Bay with ARV in Bali
Bali Supply of ARV to Manage HIV Cases in Bali is Sufficient
(11/27/2016)
License and Registration, Please
Gianyar, Bali Police Ticket 1,500 Motorists in First Nine Days of ‘Operasi Zebra Agung’
(11/27/2016)
One out of a Dozen
Only One Minister Out of 12 Invited Show Up for One Day Study Tour of Nusa Penida
(11/27/2016)
The Capital of Merriment at Year’s End
Denpasar Festival December 28-31, 2017
(11/27/2016)
Bless Our Beasts, Great and Small
‘Tumpek Kandang' – A Day Dedicated to Animals Celebrated at Bali Safari & Marine Park
(11/27/2016)
Eliminating Japanese Encephalitis in Bali
Bali Selected for Japanese Encephalitis Vaccine Pilot Project in 2017
(11/27/2016)
Narrow Squeak with the Law
Australian Teenager Flies Home to Australia After Spending Two Days with Bali Police After Suspicious Substance Found in His Possession
(11/27/2016)
Tourism Needs a Firm Foundation
North Bali Tourism Needs Infrastructure Support
(11/27/2016)
All [News]!