Asia/Pacific

MERPATI NUSANTARA AIRLINE AIRCRAFT SEIZES FOR NON PAYMENT OF RENTALS

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MERPATI NUSANTARA AIRLINE AIRCRAFT SEIZES FOR NON PAYMENT OF RENTALS

Seven of Merpati Nusantara Airline’s 737-300s may be withdrawn by the owners who leased the aircraft to the airline due to unpaid rentals of Rp. 50 billion (US$5.5 million). Aircastle has already repossessed one 737-300 on May 4. Local media reports that Iwan Nurjadi, an attorney from the firm ofN...

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