97.46 Percent Of Creditors Agree To Garuda Indonesia's Peace Proposal

President Director of Garuda Indonesia Irfan Setiaputra. (Photo: Mery Handayani/VOI)

JAKARTA - PT Garuda Indonesia (Persero) Tbk has succeeded in obtaining a settlement agreement from creditors.

The total number of creditors voting for the company's debt restructuring proposal reached 97.46 percent.

The President Director of Garuda Indonesia, Irfan Setiaputra, explained that this number was the highest number set by the Central Jakarta District Court (PN) in the process of Postponing Debt Payment Obligations (PKPU).

"97.46 is a high number, meaning that it is trust in Garuda Indonesia. We understand very well that there are those who do not agree with our proposal. We are committed to what was stated in the peace proposal," said Irfan in response to the recapitulation results, Friday, June 17.

On that occasion, Irfan also appreciated the trust given to Garuda Indonesia to fly even higher.

"Once again, thank you for the trust and high hopes for Garuda to fly even higher, we thank the management, and we make sure that in the future we will not waste it," he said.

The meeting was attended by 365 concurrent creditors, who participated in the physical voting as many as 326 creditors and 39 creditors online with a total of 12,479,432 voting rights.

Concurrent creditors who agreed to the peace proposal were 347 creditors or 95.07 percent of the total number of concurrent creditors present and a total of 12,126,455 votes that together represented 97.46 percent of all concurrent creditors who attended today's meeting.

The concurrent creditors who rejected the peace plan were 15 creditors or 4.11 percent of the total number of concurrent creditors who attended with a total vote of 302,058 and represented 2.424 percent of the total votes of concurrent creditors in the meeting.

For your information, the trial for the announcement of the Garuda PKPU voting results will be held on June 20, 2022. The supervisory judge said he would recommend from the Garuda PKPU voting on 17 June.