JAKARTA. In order to safeguard the restructuring process of PT Garuda Indonesia (Persero) Tbk (GIAA), the Extraordinary General Shareholders Meeting has agreed upon several initiatives that should be exercised as a commitment to ensure an optimal flight service.
During said shareholders meeting, President Director of Garuda Indonesia, Irfan Setiaputra, approved the extension of authority and control given to the Board of Commissioners to determine the time, method, and the amount of capital raise.
Furthermore, Setiaputra also agreed to the extension of the guarantee for the guarantee of the company’s assets worth over 50% of GIAA’s total net assets. Lastly, Setiaputra also granted the transfer of the company’s assets, also amounting to over 50% of total net assets.
Setiaputra also believes that GIAA has been on the positive track for a while. This achievement was possible after the optimisation of cost structure and performance restructure. Within the last three months, the company managed to record positive results in the operating profit segment. “Garuda Indonesia also adds the frequency of flights, paying attention specifically to routes that showed positive performance,” he further revealed in the last shareholders meeting held on August 12, 2022. (AM/ZH)