Indonesian government will sell up to 40% of Garuda Indonesia in an initial public offering, possibly this year, but will not immediately pursue its plan to bring in a strategic partner for the barely profitable carrier. The timing will depend on the state of financial markets, however, says state Enterprises Minister Sofyan Djalil. If the sale doesn’t go through this year, then it will be next year, he says.

A low-cost subsidiary based abroad is likely to be All Nippon Airways’ solution to the problem of meeting a foreign budget-airline invasion of its high-cost homeland. The Japanese carrier’s long-running plans for a budget offshoot are becoming firmer. The company now says it could have such a subsidiary operating in the coming financial year, beginning on Apr. 1.

The final report on Adam Air Flight 574 cites deficiencies in airline oversight, maintenance and pilot training as factors in the crash that killed 102 people—and its findings are helping to reinforce a growing belief that Indonesian carriers are unfit to fly. Indonesia’s National Transportation Safety Committee released its findings on Mar. 25. On Jan. 1, 2007, Flight 574 departed for Surabaya-Juanda Airport on Java from Sulawesi Island’s Mana­dao-Sam Ratulangi Airport.