Merpati Airlines Dibubarkan Pesangon harus Diberikan | NEWS SCREEN 24/02/2023

Summary

The transcript covers the dissolution of BUMN Merpati Nusantara Airlines, as declared in President Joko Widodo's decree of February 2023. It outlines the court's ruling on severance pay for former employees and the transfer of assets managed by a curator for debt repayment. The airline’s financial struggles, including significant debts and losses since 2008, are highlighted. Observers emphasize the importance of resolving obligations with employees and creditors. Despite its closure, the process aims to clear Merpati's status and ensure that all rights and responsibilities are settled, ensuring fairness for employees and creditors.

Takeaways

• 😀 Merpati Nusantara Airlines and Kertas Leces were officially dissolved, as per President Joko Widodo's Decree dated February 20, 2023.
• 😀 Severance pay for former Merpati Airlines employees will follow the previous court decision.
• 😀 The Ministry of BUMN respects the court’s decision regarding severance pay and will fully comply with it.
• 😀 Merpati Airlines’ assets are no longer managed by the PT Asset Management Company (PPA) and will be handled by a curator after the dissolution.
• 😀 The assets of Merpati Airlines may be sold by the curator to pay severance to former employees, based on the court’s decision.
• 😀 A total of 1,225 former Merpati employees will receive severance pay from asset sales, totaling 54.8 billion rupiah.
• 😀 BUMN observers believe the closure of Merpati Airlines was not surprising, but the priority now is resolving all rights and obligations.
• 😀 Merpati Airlines’ financial situation had been deteriorating since 2008, with debts reaching 2.8 trillion rupiah, and losses of 641 billion rupiah.
• 😀 Merpati’s equity was negative, and its assets were significantly below its liabilities, contributing to its eventual closure.
• 😀 It is crucial that Merpati’s rights and obligations with employees and creditors are fully resolved before finalizing the BUMN status through divestment.

Q & A

What is the dissolution of BUMN Merpati Nusantara Airlines about?

The dissolution of BUMN Merpati Nusantara Airlines is officially stated in President Joko Widodo's Decree dated February 20, 2023. The Ministry of BUMN has acknowledged the closure and has outlined how the severance pay for former employees will be handled in accordance with previous court decisions.

How will severance pay be handled for former Merpati Airlines employees?

Severance pay for former Merpati Airlines employees will follow the previous court decision, which involves payments from the sale of Merpati Airlines' assets. This will be done in line with the rulings established by the Surabaya District Court.

What role does the Ministry of BUMN play in the dissolution process?

The Ministry of BUMN plays a key role in respecting and implementing the decisions of the court regarding the dissolution of Merpati Airlines. They also ensure that the severance pay for employees and the management of assets are handled as per the court's instructions.

What will happen to Merpati Airlines' assets after its dissolution?

After Merpati Airlines is dissolved, its assets will no longer be managed by PT Asset Management Company (PPA). A curator will be appointed to sell the assets, with the proceeds being used to pay severance to former employees.

How much money is allocated for severance pay?

Severance pay for former employees is to be sourced from the sale of Merpati Airlines' assets, which are valued at 54.8 billion rupiah.

What was the financial condition of Merpati Airlines before its dissolution?

Before its dissolution, Merpati Airlines faced severe financial difficulties, with debts reaching 2.8 trillion rupiah. Its assets were temporarily valued at only 999 billion rupiah, and the airline had a negative equity of 1.8 trillion rupiah, resulting in significant losses.

Who will oversee the resolution of Merpati Airlines' rights and obligations?

The resolution of Merpati Airlines' rights and obligations, including those to employees and creditors, will be overseen by a curator following the dissolution. The Ministry of BUMN and the court have emphasized the need to resolve these matters promptly.

What is the current status of Merpati Airlines' BUMN (state-owned enterprise) status?

Merpati Airlines’ BUMN status remains unresolved until all issues, including employee severance and creditors' claims, are settled. The Ministry of BUMN will ensure clarity once the divestment process is completed.

What did BUMN observers say about the closure of Merpati Airlines?

BUMN observers stated that the closure of Merpati Airlines was not surprising. They emphasized that the priority now is to resolve the rights and obligations of Merpati, especially concerning employees and creditors, to ensure a clear status moving forward.

What is the significance of the court ruling in the process of Merpati Airlines' dissolution?

The court ruling plays a significant role as it determines the distribution of severance pay to former employees and the management of Merpati Airlines' assets. The decisions made by the court guide how the dissolution process and debt resolution will proceed.