JAKARTA , Indonesia ( CNN ) -- Indonesia has temporarily grounded all Adam Air flights starting Wednesday because it says the discount airliner `` failed to implement quality standards for its aircraft . '' Officers examine an Adam Air plane which halted suddenly in the middle of the runway in Surabaya in February 2007 . `` The operational specification of Adam Air will be revoked . In effect , Adam Air will not be allowed to operate any airplanes effective 12 a.m. Wednesday , 18 March 2008 , '' according to a statement from Indonesia 's civil aviation chief , Budhi Muliawan Suyitno . A year ago , a Garuda Airlines plane overshot the runway in Jakarta , careened into a rice patty field and burst into flames , killing more than 20 people on board . On January 1 , 2007 , Adam Air Flight 574 crashed , killing all 102 people on board . A day after the crash , there were reports that 12 survivors had been found . But those 12 survivors , it turned out later , were from an Indonesian ferry that sank four days earlier . For more than a week after the Adam Air flight disappeared off the radar screens , Indonesian authorities scoured the mountainous terrain of western Sulawesi province and the Java Sea for any sign of the missing aircraft , but found nothing . The suspension will last for three months , according to Bambang Ervan , a spokesman for Indonesia 's Air Transport Directorate . Adam Air 's permit was revoked because it `` failed to implement quality standards for its aircraft , including pilot training and supervision in accordance with standard operational procedures , '' Ervan said . The directorate sent a letter to Adam Air regarding its decision , but has not received a reply . Adam Air CEO Adam Suherman told CNN the airline is not surprised by the Air Transport Office 's announcement . He said the airline had to suspend its operations Tuesday morning because one of its main investors pulled out , causing the airliner financial problems . Indonesia 's aviation authorities recently issued a report outlining a road map to safety , acknowledging that their track record on safety is unacceptable . The U.S. Federal Aviation Administration lowered its rating of Indonesia 's safety record and the European Union banned all Indonesian airliners . E-mail to a friend . CNN 's Kathy Quiano in Jakarta and Arwa Damon contributed to this report .
Accident-plagued low-cost carrier Adam Air will no longer be allowed to fly . Indonesian government will revoke airline 's license on Wednesday . The airline `` failed to implement quality standards for its aircraft '' It has had more than one major accident in last year , one killing 102 people on board .