JAKARTA - President Joko Widodo (Jokowi) officially disbanded the state-owned airline Merpati Airlines. The dissolution of the company is contained in Government Regulation (PP) Number 8 of 2023.
The Government Regulation Number 8 of 2023 concerning the Disbandment of the Company (Persero) PT Merpati Nusantara Airlines was signed by Jokowi on February 20. The regulation took effect on the same day.
In the regulation, explained by the Company (Persero) PT Merpati Nusantara Airlines which was established based on Government Regulation Number 70 of 197 L concerning the Transfer of the State Company Form (PN) for Regional Air Transportation and Multipurpose Aviation "Merpati Nusantara" to become a Company (Persero) disbanded because it was declared bankrupt.
Based on the decision of the Commercial Court at the Surabaya District Court Number S/Pdt.Sus-Malling Peace 22O22/PN.Niaga Sby Jo Number 4/Pdt.Sus-PKPU/20l8/PN.Niaga Sby dated June 2, 2022,
"So that the Company's (Persero) bankruptcy property of PT Merpati Nusantara Airlines is in a state of infiltration," reads paragraph 1 quoted from the regulation, Wednesday, February 22.
Article 2 explains that the implementation of liquidity in the context of dissolution of Merpati is carried out in accordance with the provisions of laws and regulations in the field of State-Owned Enterprises.
Then, laws and regulations in the field of Bankruptcy and Suspension of Debt Payment Obligations, laws and regulations in the field of Limited Liability Company, and other laws and regulations.
Regarding the completion of the disbandment, article 3 explains that the dissolution of liquidity will be carried out no later than five years from the time Merpati Airlines is declared bankrupt.
"All the remaining assets of the company's liquidation (Persero) PT Merpati Nusantara Airlines as referred to in Article 2 are deposited into the State Treasury," reads Article 4.
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