ER
PT GARUDA Indonesia Tbk seeks to maintain cash flow amid the corona virus pandemic (COVID-19). Therefore, Garuda Indonesia ensures that it will use cash for the most important purposes only.
According to Garuda Indonesia’s Managing Director Irfan Sebuahutra, admitted that in the midst of a COVID-19 pandemic, efforts to maintain cash flow were fairly heavy. Cash today is king, so as much as possible for the critical,” he said.
Meanwhile, Garuda Indonesia on the Indonesia Stock Exchange has a debt that will mature this year. Therefore, Irfan said he would take corporate action to get new funds to pay off obligations.
“Based on Garuda Indonesia’s annual financial report, the company’s cash flow was US$299.34 million. For the funding scheme, I was still reviewing all available options to meet the obligations that were due. For the targeted funding shots ” Irfan noted.
He pointed out, late last year, Garuda Indonesia announced raising funds of US$900 million or equivalent to Rp12.59 trillion which was later canceled. At present, the option is being rethought. All our options are turned on.
He stressed, as for one of the obligations that must be paid is a bond of US$500 million which will mature in June 2020. Besides finalizing various funding options.
Irfan also mentioned using these times to negotiate with the lessor. This is because Garuda Indonesia also has other obligations that must be paid this year. [kontan.co.id/photo special]
