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Reject the Peace Agreement, Sri Mulyani Hopes that Merpati Airlines can Fly Again

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Jakarta – The Ministry of Finance as one of the biggest creditors of Merpati Airlines rejects the airline’s peace proposal because it still hopes that Merpati can fly again.

Minister of Finance (Minister of Finance) Sri Mulyani Indrawati said it was still awaiting credible investors in order to save Merpati Airlines from the threat of bankruptcy. In principle, the Ministry of Finance (Kemenkeu) wants all of Indonesia’s wealth, which is owned by the state and also in the form of bills to be managed properly.

The Ministry of Finance is one of the creditors of PT Merpati Nusantara Airlines (Persero) of IDR 2.6 trillion. Even so, Sri Mulyani still hopes that the airline can be revitalized and resume operations.

“Ideally, of course we hope that this company can be revitalized credibly because now the problem is just to compare if this company can still be turned on and has economic value and activities that can support its financial recovery,” he said on Monday (11/12/2018).

Referring to these ideal conditions, Merpati Airlines will need an injection of new capital. Thus, the Minister of Finance is very hopeful of the performance of the PT Asset Management Company (Persero) or PPA which is currently managing the restructuring of the state-owned airline company.

He hopes that anyone who is interested in managing Merpati Airlines not only carries a name, but brings technology, expertise and finance. Thus, Pigeons can fly higher.

“If they have a credible modality, we are ready to support it well because the government is finally the company. Even if it is now bankrupt, we also only get remnants from loans that have been distributed and cannot be returned,” Sri Mulyani explained.

Minister of Finance said that the government had many interests in the Merpati bankruptcy case. At least there are three government positions in this case, namely Merpati Airlines is a state-owned BUMN, the government becomes a creditor through the Ministry of Finance, and there are also state-owned banks that provide loans.

“So, now the best economic value and financial value and also value for how to create added value in the economy that we expect,” he explained.

Therefore, the government will encourage PPA to do hard work on any scenario offered and choose the best.

Meanwhile, the Surabaya Commercial Court is scheduled to hold a hearing to postpone Debt Payment Obligations (PKPU) on November 14, 2018 to determine the fate of the airline.

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