Merpati Airlines For Sale

Jakarta (Antara Bali) - Minister for State Enterprises Dahlan Iskan said the state owned PT Merpati Nusantara Airlines is for sales.

The option is to save the debt ridden airline, now burdened with debts of around Rp6 trillion to a number of other state companies, Dahlan said here on Friday.

There is no limit set for the shares of the airline to be sold to interested investors, he said, adding prospective investors are given two months to submit their bid.

"We invite investors to come up with their bid and proposals to sort out the problems besetting Merpati," he said. (*/M038)