andards, said on Monday that a leasing firm seized more than half its fleet after the airline defaulted on its payments. Adam Air, which like all other Indonesian airlines has been banned by the European Union because of safety concerns, was forced to cut back several scheduled flights on Monday because it did not have enough aircraft, causing delays for some passengers. “Out of 22 planes, now we only have 10 because 12 of them have been declared in default. The other 10 have been declared in default as well, but I’m still trying to work out a way to restructure the payments,” Adam Suherman, the airline’s president director, told Reuters.
Terms of use