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Indonesia extends equity rule deadline for airlines to Sept 30

6 Aug 2015 05:08:16

thestar.com.my

JAKARTA: Indonesia is extending the deadline for airlines to meet its "positive equity" rule to Sept. 30 after some carriers failed to meet it, transport minister Ignasius Jonan said on Wednesday.


The airlines that failed to meet the July 31 deadline included the local affiliate of Malaysian budget airline AirAsia Bhd, Jonan told reporters.

Last month, the ministry said 13 airlines, including PT Indonesia AirAsia, had to shore up their balance sheets by July 31 or risk suspension.


Read full story: thestar.com.my

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