IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Feb 2010 | Removal date: open ended
Still in force

Bailout (capital injection or equity participation)

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". 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880211 Of an unladen weight not exceeding 2,000 kg
880212 Of an unladen weight exceeding 2,000 kg
880220 Aeroplanes and other aircraft, of an unladen weight not exceeding 2,000 kg
880230 Aeroplanes and other aircraft, of an unladen weight exceeding 2,000 kg but not exceeding 15,000 kg
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

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