JAKARTA - The Managing Director of Asset Management Company (PPA) Yadi Jaya Ruchandi stated that the Panel of Judges of the Surabaya District Court, East Java, had decided to cancel the peace agreement or homologation of PT Merpati Nusantara Airlines (Persero). legal umbrella and one step closer to disbanding. "The cancellation of the homologation will provide legal certainty for Merpati Airlines, which has not operated since 2014," said Yadi Jaya Ruchandi in a statement in Jakarta, Tuesday, June 7. settlement of the Merpati Airlines problem which has not been resolved so far. The court has appointed a supervisory judge and curator who will carry out the Merpati Airlines bankruptcy process. The supervisory judge is a judge appointed by the Commercial Court to supervise the management and settlement of debtor assets by the curator. The curator is the Balai Harta Peninggalan or an individual who has a permit as a curator who is appointed by the court to manage and settle debtor assets under the supervision of the supervisory judge. Merpati Airlines have not operated since 2014 and the Air Operator Certificate (AOC), which is the airline's main requirement for flying, was revoked in 2015. In the peace agreement ratified by the Surabaya Commercial Court on November 14 2018, it was agreed that payment to the The third, including the settlement of employee severance pay, will begin after Merpati Airlines resumes operations. However, until the homologation was cancelled, the only prospective investor who was interested stated that he was unable to provide funds. Merpati Airlines was recorded to have an obligation of Rp. 10.9 trillion with e negative quantity of IDR 1.9 trillion per audit report in 2020. Yadi said the decision to cancel the peace agreement meant that Merpati Airlines' obligations to third parties, including severance pay for former employees, would be settled from the sale of all Merpati Airlines assets through a fair mechanism for all parties." Therefore, all parties are expected to respect and support the ongoing legal process," Yadi said.
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