Sriwijaya Air received eight awards from the Prime Service Transport Sector of the Ministry of Transportations of the Republic of Indonesia in 2014. Cirium data ...Garuda Indonesia has delayed plans to raise up to $900 million in funds meant for refinancing its debt.Indonesia’s Citilink appears to have shelved plans for long-haul flights to Europe, pivoting towards Asia instead. Meanwhile, Sriwijaya Air president director Chandra Lie pinned hoped the KSO agreement managed by Citilink could help the company's revitalization amid competitive aviation industry business.
Wizz plans to start its first course around November-December, with a target of 20 ...Former deputy Iranian air force operations commander Alireza Barkhor has been named as the new chief of flag-carrier Iran Air. Photo: PK-REN via Wikimedia. It also owed $15 million to spares and equipment suppliers.Following the signing of a five-year management cooperation agreement, Sriwijaya Air and its subsidiary NAM Air handed management of all their operations to Citilink in November 2018. “All operational of Sriwijaya Group including its financial management will be under the management of the KSO,” said Ari in a written statement on Wednesday, November 14.Ari explained the agreement aimed at helping Sriwijaya Air Group to improve its operation and financial work, as well as fulfill its commitment or obligations to the third party, among others, Garuda Indonesia Group.The joint operation, Ari continued, would create positive impacts for Citilink Indonesia as it could synergize and expand its market segment, network, capacity, and capability. Flag carrier Garuda Indonesia announced on Thursday that its on-off partnership with the country's third-largest airline, Sriwijaya Air, was finally terminated on Oct. 31. Despite ...FlightGlobal is the global aviation community’s primary source of news, data, insight, knowledge and expertise.
"We have been negotiating with Sriwijaya's shareholders on its debt payments to state institutions such as BNI, Pertamina, GMF, Gapura Angkasa and others," Ikhsan said.Sriwijaya still owes Rp 942 billion ($67 million) to state energy firm Pertamina, Rp 810 billion to Garuda Maintenance Facility (GMF), Rp 585 billion to Bank Negara Indonesia, Rp 130 billion to airport operators Angkasa Pura I and Angkasa Pura II and $15 million to spare parts and equipment suppliers.The partnership with Garuda Indonesia was formed to rescue Sriwijaya from bankruptcy last year.Ikhsan said he hoped Sriwijaya will show willingness to pay off its debts.The Transportation Ministry's directorate general of aviation said the termination of the partnership had caused the cancellation of some Sriwijaya Air and NAM Air flights operated by the Sriwijaya Air Group.Sriwijaya has only been able to fly 13 out of its fleet of 30 airplanes, with the rest either being repaired or having been grounded due to another terminated partnership on spare parts provision with GMF, Polana Pramesti, the director general of aviation, said on Thursday. The agreement requires the appointment of all commissioners and directors to be done in coordination with Garuda Indonesia and Citilink.Garuda Indonesia also deployed some of its staff to Sriwijaya Air to help the struggling airline overcome its financial woes. Online booking and airline ticket purchase, domestic and international flight schedule. "This cooperation is in line with a meeting between Garuda Indonesia Group and Sriwijaya Air stakeholders, facilitated by the Ministry of State-Owned Enterprises," Juliandra said on Tuesday. “Also, it can expedite the completion of Sriwijaya Group’s duties to one of Garuda Indonesia subsidiaries,” he noted.Garuda Indonesia Group and Sriwijaya Group, through this strategic operation, could manage the market share of air transportation up to 51 percent.Meanwhile, Sriwijaya Air president director Chandra Lie pinned hoped the KSO agreement managed by Citilink could help the company's revitalization amid competitive aviation industry business. "Jefferson Jauwena, acting director of Sriwijaya, welcomed the agreement, saying it would improve the airline's services and continue both companies' good relationship with GMF Aero Asia on aircraft maintenance. Jakarta - Garuda Indonesia Group melalui anak usahanya PT Citilink Indonesia, mengambil alih pengelolaan operasional Sriwijaya Air dan NAM Air.
The group operates Sriwijaya Air and NAM Air. News Gegara Corona, Ini Daftar Maskapai yang Diselamatkan Negara 15 July 2020 19:25 WIB.
Due to the circumstances and some matter which both parties have not yet settled, we regret to inform you that Sriwijaya is resuming business on their own," Joeniarto says.
BY :THRESA SANDRA DESFIKA & NUR YASMIN Juliandra Nurtjahjo, a director at Garuda subsidiary Citilink, said they decided to continue the cooperation after considering passenger safety, the interests of customers and the protection of state assets. National flag carrier Garuda Indonesia and Sriwijaya Air, the country's third-largest airline, have reconciled after a conflict over a management agreement saw them severing their ties last week. Sriwijaya Air has ended a management deal with Garuda Indonesia's low-cost arm Citilink, leaving the carrier to chart its own independent path. "We refer to the current status of management cooperation between Sriwijaya Air and Citilink Indonesia, a member of Garuda Indonesia Group.
airlines, Garuda, Sriwijaya.
Officials seconded from Garuda to Sriwijaya were also removed.Earlier in September, Sriwijaya's board of commissioners sacked three senior executives seconded from Citilink without providing an explanation.
Jakarta Covid-19 Cases Pass 25,000 as Daily Count Hits another Record The airlines had reconciled and resumed the partnership in early October after a management conflict.
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Not Just Green: Schools in Yellow Zones Now Allowed to Reopen Fadjar Semiarto, and technical director, Romdani Ardali Adang, resigned on Monday over the conflict.Fadjar said they decided to quit after Sriwijaya shareholders refused to heed their recommendations on solving a critical problem in the airline's hazard identification and risk assessment system.Following Tuesday's reconciliation, the agreement will continue and Sriwijaya Air will now operate under the auspices of the Ministry of Transportation.