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Merpati gets a capital injection of 300 billion Rupiah
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Posted @ 10-08-2008 08:58

Merpati gets a capital injection of 300 billion Rupiah

The Indonesian government has decided to increase the working capital for PT Merpati Nusantara Airlines with some 300 billion Rupiah (22 million euro). The funds will be used for lay-off premiums for 1.300 employees and to upgrade the 19 planes that are owned by the company. This decision was made during a cabinet meeting that was chaired by president Yudhoyono.

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Yerun
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Posted @ 10-08-2008 10:22

They can better sell it to Garuda Indonesia, or the non-nationalist answer: to AirAsia. I am sure they are happy to fly to these remote regions a few times a week with a more fixed schedule, newer planes, more polite crew and things like that.


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