TEMPO.CO, Jakarta - State-run carrier Merpati Nusantara Airlines confirmed that it will receive funding, in commitment fees, up to Rp6.4 trillion from its strategic partner Intra Asia Corpora following its numerous biddings with potential investors in the past months.
Merpati Chairman Asep Ekanugraha explained that the funds will be used to support the company’s operations and hopes that the PKPU trial would accept Merpati’s request to its creditors upon granting the company the ease of debt restructuring.
If the granted, Asep eyes on utilizing the funds to resurrect Merpati’s operations starting in 2019 after it stopped its operations since February 2014.
“If it is approved, we will submit a request to the State Owned Enterprise Ministry, Finance Ministry, and submit the carrier’s flight reactivation to the Transportation Ministry,” said Asep.
Merpati Nusantara Airlines has an obligation amounting to Rp10.72 trillion with assets up to Rp1.21 trillion. As of December 31, 2017, Merpati’s equity was recorded at -Rp9.51 trillion.
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