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JAKARTA - At least two investors are preparing to take over PT Mandala Airlines which is currently experiencing a financial crisis. They are PT LCNC which is a lessor of aircraft and also PT Manunggal Sejati Group Sinarmas Group.
Director General of Civil Aviation Ministry of Transportation, Herry Bhakti said to date only two prospective investors have expressed readiness to become Mandala Airlines investors. "There are offers from several companies but only two were serious," said Herry.
According to Herry Bhakti, PT LCNC is a joint venture between foreign and local companies. They have quite a lot of aircraft for lease. So if they take over Mandala Airlines, the operationalization of the airline could be expedited.
In the meantime, if up to 45 days from halting operations, Mandala Airlines fails to get an investor ready to invest in the company, all route permits will be revoked. These route permits can be revoked after 30 days already, but the Ministry of Transportation has provided an additional 15 days.
Herry Bhakti said Mandala Airlines is in negotiations. Finalization is expected to be reached next week. Meanwhile, one of the shareholders of Mandala Airlines, Indigo Partners, is likely to release its shares. "The government can only facilitate, this is a business to business problem in which we can not interfere," said Herry.
Jusman Syafii Djamal, an aviation expert, said that Mandala Airlines still has potential to be developed. Djamal said that Mandala Airlines should be able to take advantage of the 45-day period provided by the commercial court to seek investors. If they are not able to find investors, they will most likely be declared bankrupt.
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