Accordign to Jakarta Globe / Investor Daily of Indonesia, Pacific Royale airline's CEO Samudra Sukardi resigned back in August 2012 with "disagreement with shareholders"
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.