Indonesia: state support for aircraft manufacturer
Description
The Indonesian government announced that it will settle the debts of a state-owned aircraft manufacturer, PT Dirgantara Indonesia so that the company is able to benefit from further bank loans and develop its business. The government agreed to restructure the company's worst debt in the amount of Rp 1.76 trillion (that is USD 188.2 million). Largest part of the debt that PT Dirgantara Indonesia that was included in this scheme was towards the governmental loan facilities.
The company last made profits in 2006. In 2007 and 2008 it suffered losses said to be due "to large debt and declining business".
Any Evidence-Based Deliberation:
| Question | Result |
|---|---|
| Is there anything in the public record to suggest that evidence of the effectiveness of the proposed measure was considered during official deliberations? | |
| Is there any evidence that alternatives to the proposed measure were considered? | |
| Is there anything in the public record that suggests that empirical evidence informed the comparison across the alternatives available to government? | |
| Was such evidence identified? | |
| Is such evidence publicly available? | |
| Did the official decision-maker in question provide an explanation as to why a chosen measure was favoured over alternatives? | |
| Is there any evidence to suggest that potentially affected trading partners were consulted before the measures were taken? | |
| Is there any evidence that safeguards have been put in place to ensure that implementation of the initiative is transparent and non-discriminatory? | |
| Did the government state its intention to review the measure within one year of implementation? |
Date Discovered: 17/02/2010
Implemented: Yes
Date of inception: 16 Feb 2010
GTA Evaluation: Red
Source:
Govt promises to help ease DI debt problems, The Jakarta Post,
Feb, 16th 2010
http://m.thejakartapost.com/news/2010/02/16/govt-promises-help-ease-di-d...
Dirgantara seeks Rp 1.6t to restructure debt, The Jakarta Post
Dec, 12th 2009
http://m.thejakartapost.com/news/2009/12/12/dirgantara-seeks-rp-16t-rest...
Government Response:
- 672 reads
