The airline booked revenue of US$211.9 million from PT Mahata Aero Teknologi in exchange for the rights to provide inflight entertainment and internet connectivity on Garuda’s flights, its annual report showed. The contribution helped Garuda to report a net income of US$809,846 last year compared with a loss in 2017.

“The accounting rule requires us to record the transaction in such a way,” Fuad Rizal, director of finance and risk management, said at a briefing at Jakarta Airport on Wednesday. “Even under an extreme situation where the contract was terminated by Garuda or by Mahata, our rights over the receivables will not go away.”

His comments come days after Indonesia’s Financial Services Authority, known as OJK, said it will scrutinise some dealings which may affect Garuda’s 2018 financial results. The agency may impose sanctions on the company or its auditor if wrongdoing is uncovered, OJK said.

The stock climbed as much as 7.1% Thursday, taking its gain this year to 41%. Hoesen, an executive at the Financial Services Authority who goes by one name, and I Gede Nyoman Yetna, a director at the Indonesia Stock Exchange, didn’t pick up calls to their mobile phones or reply to requests for comments sent by text messages.

“Garuda has no risks in this contract and we don’t have to incur any expenses,” Rizal said. “Only Mahata can offer a business concept where Garuda or the airline doesn’t have to incur any expenses to provide airborne internet connection for the customers.”

Garuda Group is Mahata’s only customer, Thomas Widodo, the tech firm’s business development director, told reporters