Cargo firm take up airline Garuda Indonesia to court desiring debt settlement

Flag traveller Garuda Indonesia (GIAA.JK) has been taken to court after failing to pay a debt to an air cargo firm PT My Indo Airlines

July 19, 2021 - 03:52 PM 457 views

Cargo firm take up airline Garuda Indonesia to court desiring debt settlement

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JAKARTA — Flag traveller Garuda Indonesia (GIAA.JK) has been taken to court after failing to pay a debt to an air cargo firm PT My Indo Airlines (MYIA).

 

 The two companies” establishments said on Monday.

 

The court proposal had no direct impact on Garuda's operations, the company said in the statement, increasing it will ensure flight services continue.

 

“We are presently analysing the PKPU proposal relegated by MYIA together with a consultant nominate by the company to provide further response to the proposal”

“ Garuda chief executive Irfan Setiaputra said in a statement, without rendering details on the debt amount”.

Flag traveller Garuda Indonesia said it could not distribute voucher payments for its US$500 million

 sukuk after a 14-day gracility period, with the airline's finances still importantly wedged by the coronavirus pandemic.

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