Suara.com – PT. Merpati Nusantara Airlines was finally officially closed by President Jokowi. This airline company that was once “dashing” in Indonesia has been declared bankrupt or bankrupt since June 2, 2022.
Corporate restructuring was carried out in order to save this airline company, but the unstoppable negative equity of Merpati Airlines finally made this company unsustainable.
The decision of the Surabaya District Court on June 2, 2022 officially stated that PT Merpati Nusantara Airlines was bankrupt.
Merpati Airlines’ long journey began in 1962 which was pioneered by the Air Force (TNI AU) and is currently still carrying out the dual functions of ABRI. Initially, the flights carried out by Merpati Airlines were only made to five major cities in Indonesia. However, in about 13 years, Merpati Airlines has grown and serves up to 175 routes throughout Indonesia.
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In 1975, the development of Merpati Airlines turned out to be quite massive and the company eventually became a state-owned company led by the CEO, Ramli Sumardi.
During the 3 years as a Persero, Merpati Airlines’ expansion capabilities were also eyed by Garuda Airways, before finally becoming a subsidiary of Garuda Airways. Merpati Airlines, which was still operating, also received a large injection of funds, but the transfer of state capital authority became the property of Garuda, which oversees Merpati.
This injection of funds did not make this proud Indonesian airline grow. Merpati Airlines did not really feel the state capital supplied to Garuda.
The decline in airline optimization began to occur after Merpati was “acquired” by Garuda. Accounts payable especially in aircraft development, maintenance, and procurement of aircraft have become a big barrier for Merpati to get back on its feet.
Finally, 2014 became the worst year for Merpati Airlines. All flights and other community service programs were stopped due to debt problems and poor financial structure, in contrast to Garuda Indonesia which is now one of the world’s best airlines, joining other airlines such as Saudia.
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Debt charged to Merpati Airlines was recorded at IDR 10.95 T. Debt with this fantastic value made Merpati unable to pay it all, so that in 2018 Merpati asked creditors to delay payment of debt.
But unfortunately, the struggle of this pioneering airline in Indonesia must stop in 2022 when the Surabaya District Court declares Merpati Airlines bankrupt or bankrupt. Debt verification and suitability was carried out from June 2022 until February 2023, President Jokowi officially closed PT Merpati Nusantara Airlines.
Contributors : Dea Nabila
