PT.Dirgantara Indonesia bankruptcy

Finally the Indonesian aero plane company “PT.Dirgantara Indonesia” ( formerly IPTN) was decided to have bankruptcy status by the commerce court in Jakarta on 5 September 2007. PT DI was made by prof.B.J Habibe since 31 years ago. It was the only aero plane manufacture company in south East Asia. And it was one of Indonesia icon that made all the people of Indonesia proud when they successfully made N-25- the first Indonesia homemade aero plane.

Unfortunately there was a lot of mismanagement in PT.DI that made it have the rights to be claim bankrupt. The company have debt in more than 2 creditors and cannot paid the debt. The company own debt over 1.7 trillion, and they also have debt to their employee, according to Panitia Penyelesaian Perselisihan Perburuhan Pusat (The center committee of argument solving for laborer) dated on 29 January 2004, PT.DI have the obligation to paid pension money to their employee, and until know it has not been done yet.

By that judgment the judge committee decide that the ex employee of PT.DI have the capacity to accuse PT.DI bankruptcy. The PT.DI argument that only the minister of monetary who have the power to claim bankruptcy according to the law section 2 subsection 1 No 37 year 2004 about the bankruptcy and postponement debt paying obligation (the law of bankruptcy) was over ruled by the judge committee.

Heru Pranomo one of the committee member said that there is not enough reason to keep PT.DI. In the last five year PT.DI suffers a financial lost about 5 billion rupiah according to a document year 2006.

Arif Minardi the general chairman of worker communication forum union (SP FKK) for PT.DI, said that the winning of the bankruptcy accusation. To the PT.DI is not only the victory of the PT.DI employee but also the winning of all the labor in Indonesia.

On the other side the bankruptcy claim of PT.DI shocking the Indonesian government. Sofyan Dalin the minister of state owned trading corporation (BUMN) said that the government will make a cassation to the Supreme Court as soon as possible and hoping that the result will be different. He also said that PT.DI condition is getting well so it is not worth it to claim it bankruptcy

Well as one of Indonesian people frankly I feel terrible and very sad to hear that PT.DI as one of our icon has gone bankrupt, but may be this is the truth that the government have to deal with and learn from this reality to make it go better in the future.