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 Needs Cash Injection?
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali
Indonesia

24h:
+62 (0)812 3819724
Tel:
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

SITE PATA ASITA
Bali News

Merpati Needs Cash Injection?

Airline Boss Says Cash Needed for Daily Operations.


Bali News:
Click Image to Enlarge

(7/20/2002)

Financially troubled Merpati Nusantara Airlines (MZ) is apparently starting to experience a real cash crunch.

The Airline’s recently appointed CEO, Mr. Hotasi Nababan, publicly complained recently about the lack of cash, saying written requests for a cash injection from its owner, the Government of Indonesia, remain unanswered.

Citing US$ 10 million as the amount needed as working capital to keep the airline clicking along, the Airline Executive was unsure if the needed funds would be dropped by the government or obtained via a privatization of the carrier.

MZ has an outstanding debt total of Rp. 1.7 trillion (approximately US$189 million), Rp. 800 billion of which has been restructured.

MZ operates a fleet of 35 aircraft comprised of seven types of aircraft – all with an average age in excess of ten years.



© 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
Advanced Dance Lessons for Healing Fingers
12-Day Comprehensive Massage Course from Jari Menari September 17-24, 2018
(1/21/2018)
Welcome the Earth Dog!
The Laguna at Nusa Dua Celebrates Chinese Lunar New Year with Banquets and High Teas February 9 – 17, 2018
(1/21/2018)
Incorrect Rectal Retention
Russian Tourist Caught with Commercial Quantities of Hashish at Bali’s Airport
(1/21/2018)
An Evening of Music Not to be Missed
An Evening of World Class Piano, Viola, and Voice at Padma Resort Legian on Sunday, February 4, 2018
(1/21/2018)
When Indonesia’s Dragons Become Too Popular
Beyond Bali: Government to Set Maximum Visitor Limits in 2018 at Komodo National Park
(1/21/2018)
COMO Uma Canggu to Open in February 2018
Bali Property will be the 14th COMO Property Worldwide and First Seaside Resort Among 3 Island Properties
(1/21/2018)
‘Oh!’ said Pooh.
Bali Zoo Home to a Newborn Honey Bear
(1/21/2018)
Construction Zone Ahead
Underpass Update: Expect Delays on Northbound Travel Between Jimbaran and Bali Airport During January-February 2018
(1/21/2018)
ARTOTEL for Hope
ARTOTEL Sanur Raises Funds for Bali’s Schizophrenia Community.
(1/21/2018)
25 Years of Helping the Community
Join the 25th Anniversary of Rotary Club Nusa Dua on Saturday, February 3, 2018
(1/21/2018)
No Parking in the Name of the Law!
Additional Steps Underway to Ensure Compliance with New Traffic and Parking Rules in Ubud, Bali
(1/21/2018)
Return to the Elements
Ubud Prepares for Royal Cremation on Friday, March 2, 2018 of Anak Agung Niang Agung
(1/21/2018)
All [News]!