FIC
An analysis of the Cause of Losses at PT Merpati Nusantara Airline with Recommendations for Addressing These Factors
PT Merpati Nusantara Airline established since 1962 is faced financial problem for several year. Various attempts to save the company from deeper problem has been implemented from financial restructuring, fleet addition, up to several times replacement of top managements were not improve financial condition. The company remains in a serious financial Issue and getting worse through the years.Historically, PT MNA ran airline business in the eastern region of Indonesia, in line With the assignment from the government to support economic development in the region. As known well, Indonesia eastern region need acceleration development and the economic activity relatively lower than the west region.Nevertheless,there is no limitation to move the flight operation to the west.a closer look for the real financial condition of PT MNA be interesting to be research with the ROI approach. Analysis of the financial condition of last five years is expected to identify the main problemm faced by the companies so they can take adequate decision to improve the financial condition