yes, But it smacks of double standards.
Most of the EU's 'banned carriers' are only to make it look like the EU are doing something - they are local airlines that never plan to fly to the EU anyway. Who cares if a local indonesian airline is on the banned list - but the EU think it makes them look like they are doing something!
And lets not forget that Air France now have one of the worst hull loss records in the world (as do Turkish) so why are they not under EU investigation?
Its all politics people. Nothing do do with public safety.