Indonesia Invests $234M In State Planemaker

The Indonesian government will invest around $234 million in its state planemaker Dirgantara Indonesia.

The Indonesian government will invest around $234 million in its state planemaker Dirgantara Indonesia, Reuters reports. Dirgantara owes around $128.9 million debt to the government.

Dirgantara Indonesia is a partner of Europeans aerospace company EADS. Dirgantara manufactures its own planes and supplies subcontractor services to make spare parts for Airbus owner EADS and Boeing.

Click here for the story from Reuters.