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Ada Pertanyaan? Hubungi Kami Happy Rayna Stephany, Mahinda Arkyasa
An American aircraft leasing company filed a request at the Jakarta Commercial Court on Monday (7/1) to declare the Indonesian carrier, Batavia Air, as bankrupt.
The International Lease Finance Corporation claims that PT Metro Batavia failed to pay a debt of nearly USD 5 million back to the company by the agreed-upon time, 13 December 2012.
Apparently the Indonesian carrier owes the American company lease fees of USD 2,202,647, additional lease fees of USD 2,326,184.63, and USD 159,231.61 in interest.
The American lease company had sent Batavia Air warning letters on 12 September 2012 and 25 September 2012; the Indonesian carrier did not respond, apparently.
Batavia Air also owes USD 4,939,166.53 to Sierra Leasing Limited, a Bermuda-based aircraft leasing company based on an aircraft lease agreement dated 6 July 2009.
The International Lease Finance Corporation is now saying that by owing unpayable debts to two companies, Batavia must be declared as bankrupt in accordance with Article 2 (1) in conjunction with Article 8 (4) of Law No. 37 of 2004 on Bankruptcy and Postponement of Debt Settlement Obligations.
Raden Catur Wibowo, Batavia’s lawyer, confirmed after a court proceeding on Monday (7/1) that Batavia will “honor the court and will take a persuasive approach to settling the case.”
(eli)
Happy Rayna Stephany, Mahinda Arkyasa
An American aircraft leasing company filed a request at the Jakarta Commercial Court on Monday (7/1) to declare the Indonesian carrier, Batavia Air, as bankrupt.
The International Lease Finance Corporation claims that PT Metro Batavia failed to pay a debt of nearly USD 5 million back to the company by the agreed-upon time, 13 December 2012.
Apparently the Indonesian carrier owes the American company lease fees of USD 2,202,647, additional lease fees of USD 2,326,184.63, and USD 159,231.61 in interest.
The American lease company had sent Batavia Air warning letters on 12 September 2012 and 25 September 2012; the Indonesian carrier did not respond, apparently.
Batavia Air also owes USD 4,939,166.53 to Sierra Leasing Limited, a Bermuda-based aircraft leasing company based on an aircraft lease agreement dated 6 July 2009.
The International Lease Finance Corporation is now saying that by owing unpayable debts to two companies, Batavia must be declared as bankrupt in accordance with Article 2 (1) in conjunction with Article 8 (4) of Law No. 37 of 2004 on Bankruptcy and Postponement of Debt Settlement Obligations.
Raden Catur Wibowo, Batavia’s lawyer, confirmed after a court proceeding on Monday (7/1) that Batavia will “honor the court and will take a persuasive approach to settling the case.”
(eli)