Adam Air’s operating certificate has revoked by government
— yulyanto
closeAuthor: yulyanto
Name: Yulyanto
Site: http://www.yulyanto.com
About: I was born on July, 16th of 1979, after graduate from Senior High School on 1996, I was continued my study at University of Persada Indonesia YAI (Jakarta) on 2002, majoring in Bachelor of Accounting and then continue my study in the same institution, success to get Master of Management especially Finance Management on 2005. After finish my first Master degree in Management, I’ve got the second Master of Law at University of Indonesia (Jakarta), especially in Economics Law on 2007 by Office’s Scholarship.
I have been working at PT Sanwell Austindo-Jakarta (www.austindocorporation.com), my last position as a Finance Manager, and then start on May 2007 I have been moving as a Marketing Manager, but until now I am still responsible as an Internal Control Manager at PT Austindo Perdana- Bali (Austindo Groups).
In my spare time, usually I am always reading and writing something. Until now, I have been contributed my opinion by some media, like’s science journal, articles, blogs and also in my personal website too (www.yulyanto.com).
Someday, I hope that my written will be useful for anything all in the world ………..............................…See Authors Posts (285) • March 19th, 2008
Crisis at PT Adam Skyconnection Airline (Adam Air) has influence our airlines condition and also will losses the passenger and employees of Adam Air.
Transportation Ministry’s director general for air transportation, Budhi Mulyawan Suyitno said that Adam Air’s operating certificate has revoke and it’s mean that automatically no longer allowed to operated theirs planes.
Regarding this decision, presiden director of Adam Air, Adam Aditya Suherman said that the airline was working to address its financial problems and also confirmed that all operations had been shut down as of Tuesday morning.
As per information by legal adviser of Bhakti Investama, Hotman Paris Hutapea, Adam Air’s management had misused internal funds totaling Rp 2.1 trillion.
Hotman also said potential losses suffered by the government related to loans from state-owned Bank Rakyat Indonesia reached Rp 50 billion.
Currently, PT Bhakti Investama has own 19% share of Adam Air through its unit PT Global Transport Services (GTS), the Bright Star Perkasa business consortium own 31% stake, and 50% remaining has owned by the airline’s founder Suherman and Sandra Ang.
Topic: Business, Government, Industry, News
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