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Latest Columns Trans Wisata Prima Aviation

  • 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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