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Indonesian government to inject IDR5.1 trillion to aircraft maker

22-Jun-2011 10:20 AM

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.