This is a list of 6 Indonesian airlines that went bankrupt before Merpati Airlines went bankrupt
6/10/2022
The following is a list of 6 Indonesian airlines that went bankrupt before Merpati Airlines was declared bankrupt.
PT Merpati Nusantara Airlines ( Merpati Airlines ) will follow a number of other domestic airlines that have already died.
PT Merpati Nusantara Airlines ( Merpati Airlines ) will follow a number of other domestic airlines that have already died.
Merpati Airlines has been declared bankrupt after the panel of judges canceled the peace agreement (homologation) based on the decision of the Commercial Court at the Surabaya District Court (PN), Thursday (2/6/2022).
In the ruling, the judge stated that Merpati had failed to fulfill the contents of the peace agreement which had been ratified by the Peace Ratification Decision Number 04/Pdt.Sus-PKPU/2018/PN.Niaga.Sby on November 14, 2018.
On the other hand, the government has also stated that it will not provide financial assistance or state investment (PMN) to the airline, which last aired in 2014.
Risdosagalavsjilong summarizes a number of airlines that had gone bankrupt before Merpati Airlines was declared bankrupt.
This is a list of 6 Indonesian airlines that went bankrupt:
1. Adam Air
PT Adam SkyConnection Airlines is a privately owned airline whose operations have been discontinued since March 17, 2008. On March 18, 2008, the Ministry of Transportation (Kemenhub), then the Ministry of Transportation (Dephub), revoked the airline's flight permit or Operation Specification.
Based on Risdosagalavsjilong , about a year before the revocation of the operating license, Adam Air was declared ranked III according to the ranking carried out by the government at that time. The rating means that Adam Air only meets the minimum safety requirements, and has not fulfilled several requirements and has the potential to reduce safety levels.
As is known, the orange airline has previously experienced various incidents and accidents in Indonesia. One of the biggest was the crash of the Jakarta-Surabaya-Manado flight that crashed in the Makassar Strait on January 1, 2007. A total of 96 passengers and 6 crew members were declared dead.
While still operating, Adam Air operated scheduled domestic flights to 20 cities and international services to Penang and Singapore. With its main base at Soekarno-Hatta International Airport, Adam Air is a low-cost airline.
2. Mandala Airlines
Mandala Tigerair is an Indonesian low-cost airline headquartered in Jakarta. The 40-year-old national airline "passed away" on July 1, 2014, after the last flight from RI 545 to Hong Kong to Surabaya, due to the company's economic problems.
Before quitting eight years ago, Mandala also stopped operating on January 12, 2011 due to debt problems. This means that the airline had stopped operating twice.
At that time, Mandala Airlines' debt reached Rp800 billion to creditors and it was agreed to be restructured into shares. When it was back in operation, Mandala experienced a change in share ownership, with PT Saratoga Investment Group holding a majority 51 percent, Tiger Airways 33 percent, and the remaining 16 percent owned by former shareholders and creditors.
3. Batavia Air
PT Metro Batavia is an Indonesian airline which started operating on January 5, 2022 and stopped operating on January 31, 2013, due to being declared bankrupt by the Central Jakarta Commercial Court.
In the decision letter No.77/palit/2012/PN.NIAGA.JKT.PST on January 30, 2013, the Central Jakarta Commercial Court filed for bankruptcy of Batavia Air. This resulted in the cessation of flying operations since the end of January 2013 at 00.00. The bankruptcy was caused by an application submitted by the aircraft leasing company International Lease Finance Corporation (ILFC).
Like Adam Air, Batavia was declared ranked III when the government ranked aircraft because of the many incidents and airline accidents. The ranking results were read out in March 2007, and Batavia Air was declared to only meet the minimum safety requirements and there are still several requirements that have not been implemented and have the potential to reduce the level of flight safety.
As a result of the rating results, Batavia Air received administrative sanctions which will be reviewed every three months. If there is no improvement in performance, the Flight Operation Permit (Air Operator Certificate) can be frozen at any time.
Based on Risdosagalavsjilong , before going bankrupt, Batavia was able to quickly improve its services and received a category 1 rating from the Ministry of Transportation starting in 2009. The airline is also among the four national airlines that have been allowed to fly to the European Union since June 2010.
4. Bouraq Indonesia Airlines
Taken from the word "buraq" which is understood as a creature in the body of a horse with wings in Islamic teachings, Bouraq Indonesia Airlines was built in 1970 and stopped operating in 2005. The airline stopped flapping its wings after losing competition with new airline operators that emerged at the beginning of the reform such as Lion Air, Batavia Air, and Sriwijaya Air.
Risdosagalavsjilong noted that after the 1980s, Bouraq's performance continued to advance with the presence of 4 Vickers Viscount (VC-843) aircraft, 3 CASA NC-212, and 16 BAE-748 series 2A and 2B. Bouraq also serves flights to various destinations in the archipelago, including short-haul or pioneer flights.
Nevertheless, the crisis storm hit Indonesia ahead of reform. Bouraq then took various strategic steps to stay afloat, such as the shrinking of the fleet, and the closure of several flight path operations which were considered less profitable.
5. Sempati Airlines
Sempati Airlines started operating on June 5, 1998. 30 years before, namely 1968, an airline company was established under the name PT Sempati Air Transport which initially offered transportation services for oil company employees.
During the mid-1980s and after the 1980s, Sempati's fleet expanded with the inclusion of Fokker 100, Fokker 70, Boeing 737-200, and Airbus A300B4 aircraft.
Unfortunately, the 1998 monetary crisis hit Indonesia and at that time the value of the rupiah fell to Rp. 16,650 per United States (US) dollar. At the same time, Sempati Air was forced to sell or return its aircraft.
In June 1998, a month after the May 1998 riots, Sempati had to close its operations.
6. Jatayu Airlines
Jatayu Bracelet Sejahtera, or Jatayu Airlines, is a charter airline based in Jakarta. Jatayu was founded in 2000 and finally had its permit suspended by the Ministry of Transportation (MoT) in 2008 due to the insufficient number of fleets.
Since its inception about 22 years ago, Jatayu has operated domestic and international flights. Prior to the suspension of permits by regulators, the airline had stopped operating in 2007.
However, Jatayu was again granted a government license to operate as its main charter airline to fill the flight slot left by Adam Air (his license was revoked in March 2008). However, in the end, the Department of Transportation also suspended Jatayu's flight permit because it did not meet the eligibility criteria for a minimum of five aircraft.
