Pacific Royale Airways temporarily suspended operations after launching services in Jun-2012, according to The Jakarta Post. Pacific Royale sales manager Dede Hartono said, “We need to halt our operations because we plan to change our business plan”. Mr Hartono said, “It is not because of a financial crisis in our company. We have to stop operations, because we need a new business plan that will bring more benefits to the company and customers”. The airline, which is 51% owned by Indonesian businessman Gunarni Gunawan and 49% owned by Indian investor Tarun Trika, currently operates a fleet of three Fokker F50 aircraft. The airline’s previous business plan saw the airline plan to operate five F50s, four A320s and one A330 aircraft.
19-Oct-2012 9:29 AM