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Industry

Indonesian government to support aerospace exports

17 November 2016

Indonesia's Ministry of Industry has said it will support defence exports from state-owned aerospace firm PT Dirgantara (PTDI) by providing its prospective customers with access to credit from the Indonesian Export Financing Agency, otherwise known as the Indonesia Eximbank.

"We [will] give loans to countries that want to buy our aircraft," Haris Munandar, head of the ministry's research and development unit, said in comments reported by the state-owned Antara news agency on 16 November.

Haris added that a PTDI customer could access funds worth more than USD30 million to procure aircraft from the company, and that the loan programme is part of the government's drive to boost PTDI's competitiveness in international markets.

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