Profile Of InJourney Company, BUMN Holding Entangled In Debt Of IDR 4.6 Trillion Due To The Mandalika Circuit Project

The Mandalika Circuit managed by InJourney (Photo: Antara)

YOGYAKARTA The company's Profile of InJourney was in the spotlight after they submitted a state capital participation (PMN) of IDR 1.193 trillion. The PMN submission was made because a subsidiary of InJourney, PT Pembangunan Wisata Indonesia (Indonesia Tourism Development Corporation/ITDC) was in debt of IDR 4.6 trillion from the Mandalika Circuit project.

President Director of InJourney Dony Oskaria said, from PMN of 1.193 trillion proposed, IDR 1.05 trillion would be used to pay debts.

Dony added, InJourney faces a short-term payment obligation of short-terim eyebrows of IDR 1.2 trillion. In addition, there are still long-term or long-term obligations worth IDR 3.4 trillion.

Dony said the company could not complete the short-term obligation. Therefore, InJourney proposed PMN to pay off the debt.

"To pay for the construction of a grand stand, VIP village, and capital needs during the event," he said during a hearing with Commission VI of the DPR, Wednesday, June 14, 2023.

For your information, InJourney spent quite a bit to develop the Mandalika area, especially after the 2022 MotoGP outbreak. However, what is obtained from tourism fees is not enough to cover the development and maintenance costs. So that the Mandalika tourism issue will appear temporarily suspended.

Quoted from the InJourney page, Tuesday, June 20, 2023, Indonesia Journey alias InJourney is the parent company of a State-Owned Enterprise (BUMN) company engaged in the world of aviation and tourism.

As the parent company of BUMN, InJourney has several subsidiaries, such as:

All issuers with red plates are registered in Government Regulation of the Republic of Indonesia Number 104 of 2021 concerning State Equity Participation of the Republic of Indonesia into Share Capital of the Company (Persero) PT Aviasi Wisata Indonesia (State Gazette of the Republic of Indonesia Number 2021 Number 228).

Currently, the President Commissioner of InJourney is carried by Triawan Munaf. The other commissioners are Wihana Kirana Jaya, Odo Manuhutu, and Elwin Mok.

Meanwhile, the board of directors consists of President Director Dony Oskaria, Deputy President Director Edwin Hidayat Abdullah, Director of Marketing and Tourism Program Maya Watono, and Director of Human Resources and Digital Herdy Harman.

Not only that, InJourney is also collaborating with the Ministry of Tourism and Creative Economy to jointly develop tourism in Indonesia, especially after the pandemic.

InJourney has a vision to lead the Indonesian tourism ecosystem and provide the best service for tourists who visit both local and foreign tourists.

Meanwhile, the mission from InJourney is to accelerate recovery in the world of Indonesian tourism by collaborating on mutualism between the main industrial sector and the individual industrial sector so that development can be carried out in parallel.

The History Of The InJourney Company

Indonesia Journey was born in the midst of a pandemic COVID-19. These issuers are engaged in several business clusters, such as airports, airlines, destination management, cargo, hotel and retail services.

Previously, this company was named Perum Survai Air Penas which was formed since the independence era. At that time, the Indonesian National Army formed an Air Photoshooting Squadron.

The squad later turned into an Aerial Survey Institute. In 1961, the government turned it into an Aerial Survey (Penas) State Company and engaged in mapping, shooting, and air surveys.

In the 1990s, Penas activity decreased due to the appearance of air photoshoot services via satellite.

In August 2015, the Ministry of Transportation revoked the company's air operator certificate because it did not meet the minimum aircraft requirements.

Next, in July 2021, the government changed its name to PT Aviasi Wisata Indonesia (Persero) aka InJourney.

The birth of InJourney is an answer to the problem of many SOEs having similar but divided businesses. For example, hospitality. Some state-owned companies have hotels but do not provide maximum benefits to their main businesses. Therefore, SOE Minister Erick Thohir merged through InJourney. The hotel business, for example, is now under the Hotel Indonesia Group as the operator.

This is information about the profile of the company InJourney, a state-owned holding company that is in debt of IDR 4.6 trillion from the Mandalika Circuit project. Read on VOI.ID to get other interesting news.