Jakarta (ANTARA News) - Domestic airline company AdamAir announced on Monday it may have to stop its flight operations as of March 21, 2008 because it had failed to pay the insurance premium for its aircraft which due on March 20, 2008.
"We will still fly on March 20 but beginning 00:00 hours on March 21, 2008 we will stop our flight operations," President Director of AdamAir, Adam Suherman said here on Monday.
Based on international aviation law, all aircraft must be insured before they are operated.
He said that the insurance company has sent an insurance cancellation note to AdamAir which fell due on March 20, 2008.
"The flight operations will temporarily be stopped pending the decision of the shareholders on the insurance premium payment," he said.
Adam said that of the 22 airplanes it was operating 12 had been been withdrawn because the company was not able to pay their insurance premium.
The company also failed to pay the premium of the remaining 10 airplanes which were still operated.(*)
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