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Today's Headlines Airplane

  • Air Crashes in Indonesia: Police Jet Goes Missing Near Batam

    Air Crashes in Indonesia: Police Jet Goes Missing Near Batam

    An Indonesian police plane, on route to Batam, has reportedly crashed between the islands of Mensanak and Sebangka (between Sumatra and Singapore), possibly killing all 13 people on board. The airplane was a twin-engine police jet. Near the crash site items have been recovered that are believed to be parts of the plane. Earlier, Indonesian authorities announced contact with an airplane was lost, 50 minutes after take-off from Pangkal Pinang on the island of Bangka.

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  • Indonesia AirAsia: Shares of AirAsia Berhad Plunge after Suspension Threat

    Indonesia AirAsia: Shares of AirAsia Berhad Plunge after Suspension Threat

    After Indonesian authorities threatened to suspend the operating license of the Indonesian unit (Indonesia AirAsia) of Malaysia’s budget carrier AirAsia, shares of the latter (AirAsia Berhad) on the Kuala Lumpur Stock Exchange plunged over 12 percent on Wednesday morning (08/07). Indonesia AirAsia is among 13 Indonesian airlines that were found to have negative equity and were ordered by the Indonesian Transportation Ministry to turn this positive before 31 July 2015 in order to retain their operating licenses.

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  • Aviation Safety Indonesia: New Law Means Death Small Indonesian Airlines?

    Aviation Safety Indonesia: New Law Implies Death Small Indonesian Airlines?

    Small Indonesian airlines face difficult times ahead of the implementation of a new law (UU No. 1 2009 on Aviation) which stipulates that per 1 July 2015 all Indonesian airlines have to operate at least ten aircraft. Of this ten airplanes, at least five aircraft have to be owned by the airline, while the remainder can be leased. The Indonesian government emphasized that if domestic airlines fail to comply with the new law per July 2015, then their flight permits will be revoked.

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  • AirAsia Indonesia Flight QZ8501 Surabaya-Singapore Goes Missing

    On Sunday 28 December 2014 an Indonesia AirAsia flight lost contact with Indonesian air traffic control en route from Surabaya (East Java) to Singapore. AirAsia flight QZ 8501, carrying 155 passengers and seven crew members, departed from Surabaya at 5:35 am local Surabaya time and lost contact above the Java Sea (between Java and Kalimantan) at 6:17 am local time. The Airbus A320-200 was supposed to land in Singapore at 08:30 am Singapore time.

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  • Negative Equity: Indonesian Airlines’ Operating Permits May Be Suspended

    Negative Equity: Indonesian Airlines’ Operating Permits May Be Suspended

    While Indonesia is still mourning for the lives that were lost in the military plane crash in Medan (North Sumatra) on Tuesday (30/06), the Indonesian Transportation Ministry threatens to suspend operating permits of 13 Indonesian airlines that are being plagued by negative equity, raising concerns about these airlines’ safety practices. The Transportation Ministry reviewed audited financial reports of 60 local carriers. These airlines will have time until 31 July 2015 to adjust their balance sheets.

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  • Weak Market Conditions Trigger Postponement of GMF AeroAsia's IPO

    Weak Market Conditions Trigger Postponement of GMF AeroAsia's IPO

    After it was reported that Garuda Indonesia, Indonesia's state-controlled national air carrier, postponed its rights issue, the company stated that it highly doubts an initial public offering (IPO) of its subsidiary Garuda Maintenance Facility (GMF) AeroAsia on the Indonesia Stock Exchange (IDX) in 2013. The reason for this postponement is current lingering uncertainty that plagues emerging markets, including Indonesia, since May 2013. Uncertainty about the future of the Federal Reserve's quantitative easing program led to a large outflow of foreign funds.

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