ANNOUNCED AS TEMPORARYNo
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".
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