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Indonesia's Merpati Airlines hopes to resume operations in 2019

Restart depends on reaching agreement on $734 billion debt

Merpati Nusantara Airlines suspended operations in 2014 after running out of cash to pay its employees.   © Reuters

JAKARTA -- Indonesia's state-owned Merpati Nusantara Airlines, which stopped flying in 2014 due to financial problems, hopes to resume operations next year, the company's president said Monday, revealing that the airline has received a promise of financial backing from a domestic investor.

But whether the carrier can take to the air again will depend on settling with creditors over its 10.95 trillion rupiah ($734.2 billion) in debt.

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