6 Indonesian Airlines That Have Been Bankrupt

6 Indonesian Airlines That Have Been Bankrupt

6 Indonesian Airlines That Have Been Bankrupt

FLIGHT there have been six Indonesian airlines that stopped operating or went bankrupt. The factors that influence it are quite diverse. Starting from financial problems and they declared bankruptcy, to assessing the factor of inadequate flight safety standards.

It does not only affect private airlines but there are also some that come from national airlines or at least the majority shares are owned by the Indonesian government. So, which airline is it?

Here are some Indonesian airlines that have gone bankrupt and stopped operating.

1. Adam Air

Adam Air was founded as PT Adam SkyConnection Airlines. Launching from Ikopin Journal, Wednesday (8/6/2022), this airline was founded on November 22, 2002, by Agung Laksono and Sandra Ang. Adam Air has 24 Boeing 737 aircraft leased from GE Capital Aviation Services and serves about 30 domestic routes, as well as two international routes.

At the end of its history, Adam Air experienced several incidents of aircraft accidents, thus placing it in third place in the category of safety standards assessment. The airline was only able to meet the minimum safety requirements at level 3. As a result of not heeding the increased safety standards, Adam Air officially revoked its flight permit on March 18, 2008.

2. Linus Airways

Linus Airways is one of Indonesia’s regional airlines. Then, Linus itself is an acronym for Lintas Nusantara. For its flight routes, the airline serves several cities in Indonesia, including Pekanbaru, Semarang, and Bandung.

Although it has been a legal entity since June 2004, Linus Airways only had a flight permit in February 2008. Unfortunately, at the end of April 2009, the airline stopped its services. The reason was liquidity difficulties which led the government to revoke its flight license. Then, to know about the business you can visit this site marathonmontpelliermetropole

3. Batavia Air

The airline officially named PT Metro Batavia, started operating on January 5, 2002. Similar to Adam Air, Batavia Air also ranked third in the assessment of minimum flight safety standards. However, they managed to pass after correcting their shortcomings and received a category 1 rating after review.

According to the Ministry of Transportation website, the Central Jakarta District Court declared bankruptcy to PT Metro Batavia (Batavia Air) after the International Lease Finance Corporation (IFLC) granted the bankruptcy filing. Then, With the emergence of this decision, all operational activities of the airline ceased as of January 31, 2013, at 00.00.

4. Merpati Nusantara Airlines

Founded in 1962And who owns most of these airlines is the Indonesian government. In February 2014, Merpati Airlines suspended all of its flights due to financial problems. After years of unclear fate, the Commercial Court at the Surabaya District Court officially declared bankruptcy to PT Merpati Nusantara Airlines (Persero). Quoted from the Sindonews report, this decision was taken on June 2, 2022.

The decision was to grant the request of PT Perusahaan Pengelola Asset (PPA). The Surabaya District Court stated that Merpati Nusantara Airlines was negligent in fulfilling the peace agreement that had previously been ratified.

5. Bouraq Indonesia Airlines

Bouraq Indonesia Airlines is one of the private airlines that has ever operated in Indonesia. An entrepreneur named Jarry Albert Sumendap started this airline However, after the owner died, Bouraq’s glory in the aviation sector slowly came to an end. Until finally declared bankrupt by the Central Jakarta Commercial Court on July 25, 2005.

6. Tigerair Mandala

After several times stopping flight operations, the Tigerair Mandala airline under the auspices of PT Mandala Airlines officially stopped operating on July 1, 2014. Quoted from previous reports, General Manager of PT Angkasa Pura II Soekarno-Hatta Airport Main Branch Office, Yudis Tiawan said that Mandala Airlines had first coordinated related to the cessation of this operation a few days ago.