Garuda PKPU Approved, SOE Minister: Thank You Creditors

JAKARTA - SOE Minister Erick Thohir said he was grateful that this vote received a positive response from the majority of creditors who participated in the process of Postponing Debt Payment Obligations (PKPU).

Based on the results of the voting recapitulation, Garuda was able to reach the vote threshold which is a requirement for homologation.

As is known, PT Garuda Indonesia (Persero) Tbk has succeeded in obtaining a settlement agreement from creditors. The number of those who approved the company's debt restructuring proposal reached 97.46 percent of the total number of creditors.

"The positive projections we received today cannot be separated from the hard work of all levels of management, employees, and a team of accompanying consultants who have been in intensive communication with creditors for more than seven months. We also thank the creditors who have supported Garuda up to now. this point," he said in an official statement, Friday, June 17.

Erick hopes that this support will continue to flow until the stage where Garuda begins to implement the strategic steps that have been designed in the business plan going forward.

He also believes that this will make Garuda a more agile, adaptive and competitive business entity.

"We do not forget to express our appreciation to the Indonesian people who continue to believe in Garuda Indonesia, especially in this challenging time to provide the best flight services," he said.

Furthermore, Erick said, Garuda Indonesia is committed to carrying out its mission to become a platform for driving the nation's economy and through its essential role as a provider of connectivity access for economic, tourism to social and cultural activities for the people of Indonesia.

"This positive development comes at the right moment, when the world is starting to wake up and adapt to the pandemic, the economy is reviving and people are starting to travel. By continuing to work together and support each other, we can look forward to Garuda flying higher in the future," he said. .

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