JAKARTA - The Panel of Judges at the Surabaya District Court has determined the list of the first phase of distribution of the proceeds from the sale of PT Merpati Nusantara Airlines (Persero) assets which have been decided to be bankrupt.
The distribution of the first phase of bankruptcy is a stage of Merpati Airlines' dissolution process which was cut off by the Panel of Judges at the Commercial Court at the Surabaya District Court through Decision Number: 5/Pdt.Sus-Pembalasan Peace/2022/PN.Niaga.Sby. Jo. Number: 4/Pdt.Sus-PKPU/2018/PN.Niaga.Sby. dated June 2, 2022.
President Director of PT Perusahaan Pengelola Asset (PPA) Yadi Jaya Ruchandi said the list of the first stages of distribution set by the court was an important milestone in the dissolution of Merpati Airlines.
"This distribution is expected to provide certainty over the settlement of Merpati Airlines' obligations to creditors by prioritizing the principle of justice for all parties, including to former employees," he said in a written statement, Monday, January 2.
After the announcement, all registered and verified creditors in the first phase of the distribution list will receive the distribution as determined by the court. As for the list of the first phase of distribution, 1,225 former Merpati Airlines employees received a distribution of Rp. 54.8 billion.
In addition, the court's determination of the list of distributions of the first phase also determined the distribution of outstanding salaries to 50 former Merpati Airlines employees amounting to IDR 3.8 billion.
"Furthermore, the curator team will continue efforts to sell Merpati Airlines assets, the results of which will be re-distributed to creditors," said Yadi.
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