Keeping Garuda in the Skies

Deputy State-Owned Enterprises (BUMN) Minister Kartika Wirjoatmodjo said the PKPU is expected to commence in January 2022. The process is to take 270 days and is estimated to take shape in March or April 2022.

KOMPAS/AGUS SUSANTO

Wakil Menteri BUMN Kartika Wirjoatmodjo

JAKARTA, KOMPAS — The government and the management of state-owned PT Garuda Indonesia (Persero) Tbk are committed to saving the national flag carrier so that it can keep flying. A business plan has even been prepared in case the debt restructuring is successful.

On the other hand, a number of steps have prepared in the event that Garuda is suddenly declared bankrupt amid the process of postponing its debt repayment obligation (PKPU).