Garuda Boss Has Spoken Out About The Aircraft's 2 Lesser Lawsuit

JAKARTA - PT Garuda Indonesia (Persero) Tbk has opened its voice regarding Garuda's legal efforts against two aircraft lessors, namely Greylag

President Director of Garuda Indonesia, Irfan Setiaputra, said that the legal step is a sustainable commitment to efforts to strengthen the legal basis for the restructuring stages that have been completed by the company.

Irfan said that Garuda's legal action was a follow-up to the legal efforts that had previously been taken by Greylag in a number of countries, including in Indonesia which had received a decision by the Supreme Court (MA) on the homologation decision which became the main basis of the restructuring process for Garuda, including to Greylag as a company creditor.

The legal action against Greylag has been registered at the Central Jakarta District Court on December 30, 2022.

Irfan emphasized that this legal action was carried out with very careful considerations and put forward the precautionary principle of law enforcement commitments related to the restructuring agreement that had been reached by the Company.

"We must take this legal effort with deep consideration on the implications posed by Greylag through his legal steps," he told reporters, Wednesday, December 4.

Including, said Irfan, the restructuring process has an impact on the clarity of fulfilling the company's obligations for creditors who have fully supported Garuda and are very dependent on the implementation of the Homologation Decision properly.

Irfan said, previously Greylag had taken a number of legal measures in several countries against Garuda.

Several legal stages have also received legal provisions, such as through the Supreme Court (MA) cassation decision which decided to reject the Cassation Request from Greylag and strengthen the Homologation Decision.

In addition, Greylag also submitted a winding-up legal step to Garuda to the legal authorities in Australia who have also received a decision that strengthens the Company's legal position where Australian legal authorities also rejected the submission of the winding-up.

"In line with the restructuring mission carried out, we at Garuda Indonesia always carry the value of supportive and constructive business collaboration to all its business partners. This commitment is what we continue to maintain by ensuring that the protection of the fulfillment of the Company's obligations to creditors can be carried out optimally," he said.

Irfan said that Garuda's decision to take legal action is a commitment to protect wider interests against the certainty of a solid legal basis for all creditors and business partners.

"We hope that this legal effort can further enforce our legal position on Garuda's commitment to transform into a business entity that can provide optimal value to its business ecosystem," concluded Irfan.