Smaller airlines in Indonesia feel the squeeze
[JAKARTA] Indonesia's economic boom should be a bonanza for airlines clamouring for a slice of the world's fourth-most populous country. But the bankruptcy of its No 4 airline, Batavia Air, shows how smaller operators are finding it hard to survive.
Batavia became the second budget carrier to run into debt problems in Indonesia in the past two years - a victim of the extremely tight operating margins that exist in what is a crowded market.
And more are likely to go bust.
Read full story: businesstimes.com.sg
Posted: 10 Feb 2013 21:25:42