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 · Setiawan Djody to Acquire 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

Setiawan Djody to Acquire Merpati?

Flamboyant Indonesian Businessman Reported in a Move to Purchase 90% Share of Ailing Carrier.


Bali News:
Click Image to Enlarge

(4/22/2002)

Shipping and telecommunications magnate and sometimes concert rock musician, 53-year-old Djody Setiawan is reported to be lobbying the Indonesian Government for permission to acquire a 90% share in government-owned Merpati Nusantara Airline (MZ).

Setiawan, the owner of the Setdco Business Group, has proposed a direct cash and non-direct cash deal that will inject US$ 1 billion into the debt burdened airline resulting in his control of 90% of the airline's shares. Under a debt to equity swap Setdco will reduce some of MZ's staggering Rp. 1,7 trillion debt that currently reside on a balance sheet showing only Rp. 800 billion in company assets. MZ operates an aging fleet of equipment operated by some 4,000 workers on its payroll.

According to local news sources, Setdco's takeover, if approved by the Government will allow the new majority owner to introduce badly needed new equipment on MZ's domestic route as well as fulfill its declared intention to spread its wing on selected international routes.


© 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
Chinese New Year Rush Bound for Bali
Garuda Indonesia Announces New Charter Routes from China to Bali for Lunar New Year Holidaymakers
(1/14/2017)
Oh, Deer!
Five Poachers Abandon Car, Guns and Dead Game at West Bali National Park When Confronted by Park Rangers
(1/15/2017)
Qui Moi?
French Tourist Arrested Shoplifting at Bali Airport
(1/15/2017)
An Endangered Tiger
Tigerair Suspend Ticket Sales from Australia to Bali until March 25, 2017
(1/14/2017)
This is a Steak Out!
MyWarung’s L'Entrecôte May be Bali’s Best Steak Value
(1/15/2017)
Advance Australia Fairway!
Australia Day Golf Tournament at Bali National Golf Resort Thursday, January 26, 2017
(1/14/2017)
Starling, Starling Night
Begawan Foundation to Hold ‘A Starling Night’ Art Exhibition and Silent Auction on Friday, February 10, 2017 at Big Tree Farm Chocolate Factory
(1/14/2017)
The Last Bite
Australian Surfer Suffers Rare Shark Attack off West Bali Beach
(1/15/2017)
A Park at its Peak of Popularity
Lombok Mount Rinjani Records More than 91,412 visitors in 2016
(1/14/2017)
Improvements Planned for Bali Airport in 2017
More Parking, Better Taxi Access, Improved Internet and Runway Enhancements in the Cards for Bali’s Airport in 2017
(1/14/2017)
Game Changers, Name Changers
Colliers International Tracks 18 New Hotels and 8 Branding Transitions in Bali in 2016
(1/14/2017)
A Yen for Thievery
Police Arrest Hotel Employee in Kuta for Stealing Cash from Japanese Guest
(1/14/2017)
All [News]!