The fall of Adam

Adam air is in trouble and when its investor PT Bhakti Investama asked where its investment of Rp2.1 trillion went, Adam Air’s CEO Adam Suherman told reporters to asked his finance director.Why is it a surprise that Adam Air is now in trouble again? <a href=”http://theunspunblog.com/2007/02/22/adam-air-again/”>see here</a>.And the investors: why are they so worried? Obviously they haven’t heard of caveat emptor to invest in THAT airline. If Unspun was a shareholder at Bhakti I’d be asking a lot of tough questions why they used my money to invest in an airline that was plainly set on a collision course with disaster.

clipped from www.detikfinance.com

Dirut AdamAir: Tanyakan ke Direktur Keuangan Saya

Jakarta – PT Bhakti Investama Tbk yang menguasai 50% saham AdamAir mempertanyakan hilangnya dana cash Rp 2,1 triliun dari keuangan maskapai itu. Ditanya soal itu, Dirut Adam Air, Adam Aditya Suherman justru minta wartawan bertanya ke Direktur Keuangan AdamAir Gustiono Kustianto.

“Mengenai Rp 2,1 triliun, tanyakan kepada Direktur Keuangan saya, kemana perginya,” ketus Adam usai rapat dengan Ditjen Perhubungan Udara Dephub, di Gedung Dephub, Jalan Medan Merdeka Barat, Jakarta, Senin (17/3/2008).

Dalam konferensi pers sebelumnya, kuasa hukum dua anak usaha Bhakti Investama yakni PT Global Transport Service (GTS) dan Bright Star Perkasa (BSP), Hotman Paris Hutapea mengungkapkan berbagai borok AdamAir. Hotman yang didampingi Direktur Keuangan AdamAir Gustiono Kustianto juga mengungkapkan perihal raibnya Rp 2,1 triliun itu.