Sky Aviation Still Looking for New Investors

Airline Sky Aviation which had ceased operations since mid-March due to lack of capital, is still looking for potential new investors are willing to pour fresh funds for the company to be able to operate again.Sky Aviation General Manager Marketing Sutito Zainudin said the company is now in talks with several potential investors both from within and outside the country. "We are working on Sky Aviation to operate again. This month is expected to have results of negotiations with investors, "said Sutito Tempo.Meanwhile, Director of Air Transport Transportation Ministry Murjatmodjo Djoko said that the Ministry of Transportation has not figured out who the prospective investors in talks with Sky Aviation. "Until now we have not heard from anyone regarding Sky Aviation investors who are interested," said Djoko.According to Djoko, permits routes, which is owned by Sky Aviation has been revoked because the company failed to operate again until the specified time limit. Nevertheless, he said that Sky Aviation is still able to operate again because business license Flight (original) will be forfeited after the airline does not operate for one year.Djoko argues Sky Aviation is one of the airlines that are not able to survive because of the turmoil that hit the aviation industry in Indonesia. "Sky Aviation does not seem able to cope with volatility rise in jet fuel prices and exchange rates. Because of its durability and no lack of capital strength, Sky Aviation is not able to survive, "he said.Indonesia's airline industry crisis occurred in 2013 ago and now the airline is in the last stages of recovery. In addition Sky Aviation, there are other airlines, namely Tigerair Mandala, which is also under difficult conditions. Tigerair Mandala now also in the process of looking for new investors. Two prospective investors who intend to enter into Tigerair Mandala is Citilink Indonesia and Indonesia AirAsia.