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 · Government Fires Merpati Nusantara CEO
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

Government Fires Merpati Nusantara CEO

Rudy Setyopurnomo Fired After One Year as CEO By Financially-Troubled Merpati Nusantara Airline


Bali News: Indonesia, Merpati Nusantara Airline, Dahlan Iskan, BUMN, State Owned Enterprises, PPA, Pertamina, Angkasa Pura, Rudy Setyopurnomo, Captain Asep Ekanugraha
Click Image to Enlarge

(8/5/2013)

Rudy Setyopurnomo, recently dismissed as CEO of state-owned PT Merpati Nusantara Airlines, has told the State News Agency Antara that he has accepted his dismissal and will no longer dedicate his energies to the air carrier.
 
“I accept the decision of the shareholders. If, indeed, Mr. Dahlan (the Minister of State Owned Companies) has decided this, so be it, I accept the decision,” said Setyopurnomo.
 
He told the press that the change in directors at the airline that has left him jobless is not a major matter. He was formally advised of his dismissal on Monday, July 29, 2013.
 
Rudy Setyopurnomo was appointed to head Merpati on May 11, 2012, a position he held for slightly more than one year before being fired.
 
The decision by the Minister of State Owned Enterprises (BUMN) replaced Rudy with Captain Asep Ekanugraha. 
 
Rudy said he hoped the change in management at Merpati would take place in a peaceful atmosphere. “I want things to go smoothly, there should be no fuss,” said the former CEO.
 
Setyopurnomo, accepting his retrenchment, said it was time for younger people to take control of the Airline.
 
“I have passed on my knowledge and good example to the employees of Merpati so they can run the company in the future,” said Rudy. 
 
Separately, the BUMN Minister Dahlan Iskan announced that the dismissal of Rudy Setyopurnomo as the CEO of Merpati was the result of joint decision reached in a meeting between the government and the PT Perusahaan Pengelola Aset (PPA-Asset Management Agency). 
 
Iskan said that based on the recommendation of PPA, who is in charge of the airline’s restructuring, he signed the termination notification for Rudy Setyopurnomo.
 
“Whoever is the CEO of Merpati doesn't matter,” said Dahlan. “What’s important is the restructuring, sothe Company’s debt can be accomplished.
 
When addressing the airline’s debt, Dahlan said he favored an approach of converting debt to equity. 
 
Current calculations put Merpati’s debt to several companies at Rp. 6.5 trillion (US$650 million). Among the companies owed money by Merpati are PT Pertamina (fuel), PT Angkasa Pura I and II (airport fees) and PT PPA.
 
Merpati also has subsidiary loan agreements in place to the government, plus other debts due to airplane lessors.
 
“I have just learned that Merpati’s debts have reached Rp. 6.5 trillion, in fact, a short time ago the debt was only Rp. 6 trillion,” said Dahlan.
 
Related Articles
 
 
 
 


© 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
Fun & Sun Costs More in South Bali
Price of Waters Sports at Tanjung Benoa, Bali Increase by 30%
(12/20/2014)
Fire in East Denpasar
Fire Destroys 7 Shop Houses in East Denpasar, Bali
(12/20/2014)
Mantra for Difficult Times
Australian Mantra Hotel Group Scales Down its Plans in Tough Bali Marketplace
(12/20/2014)
Be Prepared
Bali Identifies Areas at Risk of Natural Disaster and Maps Plans to Minimize Destruction
(12/20/2014)
When Sleighs Wonít Do
Bali Airport to Operate 134 Extra Flights Over Christmas and New Year Period
(12/20/2014)
When a Bay Becomes a Quagmire
Editorial: We Support Jakarta Globe Call for President Joko Widodo to Cancel the Benoa Bay Reclamation
(12/20/2014)
4.25 Million Foreign Tourists to Bali in 2015?
Bali Seeks to Add 500,000 Tourist Visitors in 2015
(12/20/2014)
That Takes the Lot!
Baliís Tanah Lot Temple Experiencing a Record Number of Visitors Leader Up to Year End Piodalan Ceremony
(12/20/2014)
Shanghaied No More
Singaraja, Bali Immigration Office Deports 282 Foreign Workers in 2014
(12/20/2014)
Different Strokes Apply in Bali
Pendawa Beach Visitors in Bali Reminded that Sexual Activity and Swimming While Menstruating are Strictly Not Allowed
(12/20/2014)
Bali Non-Stop to Cairn, Australia
JetStar to Fly Direct Three Time a Week Cairns to Bali Flights Starting in March 2015
(12/20/2014)
Symphony of Feeling
Solo Exhibition of Paintings by Mochammad Toha Hasan, January 19 - March 12,2015 at Ganesha Gallery at Four Seasons Resort Bali at Jimbaran Bay
(12/20/2014)
All [News]!