Adam Air Loses Half Its Fleet After Default

Indonesian budget carrier Adam Air may face temporary closure because a leasing firm seized more than half its fleet after the airline defaulted on payments, the airline's president said on Monday. Adam Air, which like all other Indonesian airlines has been banned by the European Union because of safety concerns, was forced to cut back several scheduled flights on Monday because it did not have enough aircraft, causing delays for some passengers. "Out of 22 planes, now we only have 10… (news.airwise.com) More...