Consolidating State Aviation-Tourism Companies, What Are the Benefits?

By Editorial Team 07/08/2020
Merger
Summary

President Joko Widodo (Jokowi) plans to merge several State-Owned Enterprises (SOEs) in the aviation and tourism sectors. The merger is considered crucial to recover the COVID-19 pandemic-hit aviation and tourism sectors. "In case of another pandemic, the tourism and aviation sectors would have better economic foundations and run faster," Jokowi said in a limited meeting at the Palace, Thursday (8/6).

The tourism and aviation sectors are two of the contributors to Indonesia's economic contraction of 5.32 percent in the second quarter of 2020. In that period, foreign tourist arrivals were only 482,000, an 81-percent drop from the previous quarter (quarter-on-quarter/QoQ), and down 87 percent year-on-year (YoY).

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.