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ADAM AIR WAS BANCRUPT BY MERCHANT COURT

 

Jakarta, 17/06

 

Dephub(transportation department) terminated Adam Air flight certificate number 121. The airline operator was declared to follow certain recommendation by transportation department. Meanwhile the owner of Eagle Air, Tanoesubdiyo family can’t continue to gain the flight operator clearance certificate due to the Adam Air’s shareholders. Adam Air has to return travel agency for airlines ticket deposit. Until now, there is no shareholder aggree to take responsibility to returned the money. The money is about USD 29,000 that has to return to the travel agency.

Tanoesobdiyo who also owned the MNC group has already invested USD 1,83 billion to mixed lease purchase 16 B-737-800NG and 25 CRJ-900 from Embraer will be delivery this year end for Eagle Air operational. He planned to gain the certificate this month but postponed until unlimited time.

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PT. Adam Skyconnection Airlines proved to owned credit from more than 2 investors and can’t paid their debt during the maturity date.The request to declare bancrupt by it’s own partner, CV. Cici which support them operational vehicle to transport Adam Air’s airline crews from residence to airport and otherways. The contract was signed by airlines for years from September 10th, 2007 until September 9th 2008. Before the contract ended, Adam Air’s operational was suspended at 19 March 2008, and the firm has Rp. 29,375 million from March 2008. Firms has been formally contact Adam Air to paid its full debt for March. But airline operator reject their request which according to law , Adam Air(the object) don’t exist for any further.

Merchant Court, centre of Jakarta declared the Adam Air for bancruptcy chapter at 09/06 this year.

Yesterday earlier, airlines agent requesting for their deposits that has been paid to the airlines operator for about Rp. 15 billion and USD 28,000 as a warranty. According to the Adam Air, those fund has still hold at the bank account and can’t be cash out due to internal management conflict. Astindo(Association for ticketing sales in Indonesia) request to DEPHUB(Transportation department) to arrange for escrow account in the future which will be able to withdraw by travel agency when airlines operator in trouble and contrary.

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