22-Jun-2011 10:20 AM

Indonesian government to inject IDR5.1 trillion to aircraft maker

Indonesia's government is planning to inject approximately USD590 million (IDR5.1 trillion) in funds to state aircraft maker PT Dirgantara Indonesia (ANTARA, 21-Jun-2011). The proposed capital injection will come in the form of state capital placement in which the government will turn the state aircraft maker`s debts into state capital. Industry Minister MS Hidayat stated: "It (the plan) is still under process." Mr Hidayat has submitted a proposal for capital injection to the House of Representatives Commission VI and the Finance Ministry is currently studying the proposal.