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Adam Air operation suspended.(Corporate News in Brief)(Brief article)
From:
Indonesian Commercial Newsletter
| Date:
March 1, 2008
| COPYRIGHT 2008 P.T. Data Consult, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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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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