The Indonesia offshoot of Air Asia is with lessors with around 21,7 million US dollars in the chalk and now wants to negotiate with them about further deferred payments. The parent company announced this via a stock market news.
The mountain of debt is a lot higher, however, because maintenance companies, insurance, health insurance and administration costs are also in arrears. These are put at 17,9 million US dollars.
Of the total of 77 Airbus A320-200s that are leased from ten different Lessors, only 15 are currently in use. "Postponing payments to lessors has helped the company focus on operational services for passengers in order to generate cash flow from sales," said Indonesia Air Asia Corporate Secretary Indah Permatasari Saugi.
The company also wants to negotiate with suppliers, especially in the fuel sector, about deferred payments. The parent company did not specify the amount of debt in this area. A loan from an Indonesian bank will also be repaid later.