Accordign to Jakarta Globe / Investor Daily of Indonesia, Pacific Royale airline's CEO Samudra Sukardi resigned back in August 2012 with "disagreement with shareholders"
http://www.thejakartaglobe.com/business/pacific-royale-ceo-resigns-citing-dispute/535758
The paper however, stated that the airline is owned by Gunardi Gunawan and Tarun Trikha.
Frankly, I have yet to see the shareholder list of the airline. A couple Indonesian newspapers and airline blog sites have repeated the info, but then, I haven't seen any official confirmation of the ownership / shareholder.
According to a more recent article in AsiaOne (a newspaper in Singapore), Pacific Royale ceased operation back in 2012.
http://news.asiaone.com/News/AsiaOne%2BNews/Asia/Story/A1Story20130312-407924.html
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