GIAA - PT. Garuda Indonesia (Persero) Tbk

Rp 80

+1 (+1,25%)

JAKARTA – The creditors of PT Garuda Indonesia (Persero) Tbk (GIAA) reportedly petition an appeal over the legal verdict homologated by the Commercial Court of Central Jakarta District Court regarding the case between GIAA and its creditors. This petition for appeal was successfully filed by the creditors within 14 days after the court decision was out on June 27, 2022.

Irfan Setiaputra, President Director of Garuda Indonesia, claimed that the company would still proceed with the predetermined initiatives designed to maintain the reconciliation, which had been approved by the majority of the creditors. “The company will prepare the contra-memorandum of appeal for the Supreme Court through the Central Jakarta District Court,” he mentioned in the press release quoted Thursday (14/7).

According to Setiaputra, the requst for appeal filed by the petitioner will not affect the company’s operational activities. For context, the creditors in question are Greylag Goose Leasing 1410 Designated Activity Company and Greylag Goose Leasing 1446 Designated Activity.

The appeal was petitioned over the homologated decision of the Commercial Court of Central Jakarta District Court for the case No.425/Pdt.Sus-PKPU/2021 PN Niaga Jkt Pst made on June 27, 2022. This decision is declared valid and legally binding to the reconciliation between GIAA and its creditors. (LK/ZH)