logo
logo
Sign in

Debt of $ 7.5 T in maturing May-June, Garuda Nego Delay Pay to the Bank

avatar
Berita Terkini
Debt of $ 7.5 T in maturing May-June, Garuda Nego Delay Pay to the Bank

Pandemic corona hit the airline business around the world, including PT Garuda Indonesia ( (Persero) Tbk. In addition to the face of the business is faltering, Garuda also faces the issue of payment of short-term debt that will mature in June 2020 worth US$ 500 million or around Rp 7.5 trillion (assuming an exchange rate of Rp 15,000 per U.S. dollar).

Director of Garuda Irfan Setiaputra said his company needs the leeway to pay the debt that matures in 1-2 months. "“We will ask for a delay of payment of liabilities of the banking maturing,” said Irfan in a hearing (RDP) of virtual with Commission VI of the house of representatives, Wednesday (29/4).

Based on the financial statements the end of 2019, Garuda suffered a loss of US$ 669 million and capital business minus US$ 2.1 billion per 31 December. Pandemic corona Garuda had difficulty cash flow (cash flow). "The biggest blow Garuda on the side of cash flow, beginning of the year (2020) we expect continued positive results of years ago, but stalled because Covid-19," said Irfan.

this Article has been published in Katadata.co.id with the title "the Debt of $ 7.5 T in maturing May-June, Garuda Nego Delay Pay to the Bank" , https://katadata.co.id/berita/2020/04/30/utang-rp-75-t-jatuh-tempo-mei-juni-garuda-nego-tunda-bayar-ke-bank
Author: Muchammad Egi Fadliansyah
Editor: Yuliawati

collect
0
avatar
Berita Terkini
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more