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Indonesia softens tone on airlines' finances

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Published Thu, Jul 9, 2015 · 09:50 PM

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Jakarta

INDONESIA'S transport ministry said it would help airlines struggling to meet a deadline to improve their finances, softening its stance after concerns about the measures sent AirAsia Bhd's shares plunging to five-year lows.

Ministry officials had told reporters less than a week ago that 13 airlines including the Indonesian affiliate of troubled Malaysian budget carrier AirAsia had to repair their stretched balance sheets by the end of July or risk being shut down.

IndonesiaMinistry of Transport

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