Wednesday, April 24, 2024 | 16:06 WIB

Beleaguered Garuda’s debt hits Rp142T


garuda indonesia
PT Garuda Indonesia (Persero) airline. (Source: @garuda.indonesia/@kord.planespotter)

“We have met with many parties directly and indirectly, so we can see that this is a positive effort,” said Irfan.

He also believes that the majority of creditors will agree to the proposal. He claims that the number of creditors who are committed to support PKPU has reached more than 50 percent.

Read: House comes up with proposals to stave off Garuda bankruptcy

Based on data from the PKPU management team as of June 14, Garuda has a total debt of Rp142.42 trillion incurred from 501 creditors. In detail, Garuda’s liabilities consist of fixed receivables to 123 lessors amounting to Rp104.37 trillion, plus 23 non-preferential creditors to the tune of Rp3.95 trillion and 300 non-lessor creditors totalling Rp34.09 trillion. (rr)


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