Garuda Indonesia Wins From The Lawsuit Two Lessors In France

Garuda Indonesia aircraft. (Photo: Wikimedia Commons)

JAKARTA - Garuda Indonesia, through its subsidiary, Garuda Indonesia Holiday France (GIHF) in France, won a judicial release lawsuit filed by GIHF against legal steps taken by the lessors of the Greylag 1410 and Greylag 1446 aircraft.

The two lessors filed a lawsuit related to the "Provisional Attachment" or temporarily confiscated GIHF's account in 2022.

The legal measure is a series of legal remedies by Greylag 1410 and Greylag 1446 which have previously been taken in a number of countries and have been rejected by the legal authorities of each related country.

President Director of Garuda Indonesia, Irfan Setiaputra, emphasized that the restructuring successfully completed by Garuda Indonesia has gone through a long discussion process with all creditors in accordance with the applicable legal corridors.

For this reason, Irfan asked that this matter be handled wisely by related parties, namely by respecting existing legal provisions.

"The existence of unlawful acts through various lawsuits filed by the two lessors is certainly a very unfortunate act," he said in an official statement, Friday, February 17.

Irfan said, this also contradicts the spirit of synergy between Garuda Indonesia and all its stakeholders, as well as hindering the acceleration of the company's performance, which in this case concerns the interests of the majority of creditors.

Irfan said that through the judicial release decision, the Paris Civil Court gave full release for the temporary confiscation of the GIHF accounts previously proposed by Greylag 1410 and Greylag 1446. As well as ordering the two lessors to pay GIHF 230,000 EUR in connection with the damages and costs that arose related to these legal steps.

The basis for considering the Paris Civil Court decision is that the temporary confiscation request submitted by the two lessors does not have a strong legal basis. The reason is that there is a Peace Agreement that has been ratified by the Commercial Court at the Central Jakarta Court and has permanent legal force, including against Greylag 1410 and Greylag 1446.

"The victory of the judicial release by Paris Civil Court is a reflection of our commitment to continue to strengthen the legal basis for restructuring business obligations, especially through various follow-ups on ongoing legal remedies," he said.

Irfan said, this is also in line with the dynamics of restructuring involving all stakeholders. In addition, it also aims to ensure that the steps to fulfill obligations to creditors can run continuously in line with the Company's focus to strengthen its increasingly solid business ecosystem with all its business partners.

Previously, Garuda Indonesia had also won a number of legal proceedings over the lawsuit filed by Greylag airing 1410 Designated Activity Company and Greylag Allah's Leasing 1446 Designated Activity Company, such as a request for cassation to the Supreme Court (MA) and a winding up lawsuit at a court in Australia that has been rejected by the relevant legal authorities.

Then the judicial liquidation lawsuit against GIHF, in which this also strengthens Garuda Indonesia's legal position. This legal decision, which was followed by various other legal stages in a number of countries, further emphasized Garuda Indonesia's legal basis for the restructuring measures being carried out.