Minister Eric: Garuda Ready to Revive Post Suspension of Payment Process


Jakarta - The Minister of State-Owned Enterprises, Erick Thohir, conveyed that the completion of the voting stages in the process of postponing debt payment obligations by Garuda Indonesia was the determinant of the peace agreement (homologation) between Garuda and creditors.

"This is an important moment for us because one of the state-owned enterprises that are the pride of the nation, Garuda Indonesia, has completed voting on the suspension of the payment process," he said in a statement in Jakarta on Monday (6/20).

Erick is grateful that this vote received a positive response from the majority of creditors who participated in the suspension of the payment process.

Based on the results of the voting recapitulation, continued Erick, God willing, Garuda can reach the vote threshold, a requirement for homologation.

This result cannot be separated from the hard work and support of many internal and external parties.

He consid



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