The Money Pit

The risks inherent in the government's plan to bail out PT Dirgantara Indonesia need to be considered carefully. Are we up to it?

July 22, 2003

THE protests by employees of national aerospace company PT Dirgantara Indonesia (DI) over the decision to lay them off and the subsequent temporary closure of the factory, is clearly, only the beginning of a major crisis. Those who have followed the developments of PT Dirgantara Indonesia-formerly known as the National Airplane Industry, IPTN-are aware that sooner or later the company would collapse. This is certainly not random thinking, but a r

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