Adam Air operation suspended.(Corporate News in Brief)(Brief article)

From: Indonesian Commercial Newsletter | Date: March 1, 2008 | Copyright information

The government finally decided to revoke the flight certificate of Adam Air after earlier serving warning about poor flight safety system of the ailing airline. The decision could well be the final blow to the airline amid split between its co-owners. Bhakti Investa which owns 50% of the airline announced plans last week to quit accusing the management controlled by its co owner of being not transparent in financial report. Air Transport Director General Budhi Muliawan said Adam Air...

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