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Garuda Indonesia (Persero) Tbk PT
Jalan Kebon Sirih No. 46A
Phone: +62 2123519999p:+62 2123519999 TANGERANG, 15111  Indonesia Ticker: GIAAGIAA
Filed for Reorganization Proceedings on 12/9/2021
On 6/3/2021, Garuda Indonesia (Persero) Tbk PT announced its intention to seek a Suspension of Payments under a Standstill Agreement in order to avoid bankruptcy.
On 12/9/2021, PT Garuda Indonesia entered a Debt Restructuring Process after The Supreme Court of the Republic of Indonesia accepted a Debt Petition filed against the Company by PT. Mitra Buana Koorporindo, formerly known as PT. Mitra Buana Komputindo on 10/22/2021 for Deferment of Debt Payment Obligations.
On 9/23/2022, PT Garuda Indonesia (Persero) Tbk filed a Chapter 15 Bankruptcy Petition (22-11274) with the U.S. Bankruptcy Court in the Southern District of New York (Manhattan) to gain the recognition and protection of the US Court for its foreign proceeding.
Business Summary
PT Garuda Indonesia (Persero) Tbk is an Indonesia-based company primarily engaged in the commercial airline business. Its business is classified into three segments: flight operations, aircraft maintenance services and other operations. Its flight operation segment is engaged in undertaking scheduled and non-scheduled commercial air transportation of domestic or international passengers, cargo, and mail. Its aircraft maintenance services segment is focused on providing aircraft repair and maintenance, to satisfy its own needs and the needs of third parties. Its other operations segment includes support services for commercial air transportation operations comprising catering services and ground handling services, information system services and other services to satisfy own needs and the needs of third parties. Its subsidiaries include PT Aero Wisata, PT Sabre Travel Network Indonesia, PT Garuda Maintenance Facility Aero Asia Tbk, PT Aero Systems Indonesia, and PT Citilink Indonesia.
(Source: F-4)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes-Yes--

Industries
SIC Code Description
4512 Air transportation, scheduled
4522 Air transportation, nonscheduled
4581 Airports, flying fields, and airport terminal services
5812 Eating places
4724 Travel agencies
7011 Hotels and motels

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
President Commissioner and Independent Commissioner TimurSukirno 60 8/13/2021 8/13/2021
President, CEO IrfanSetiaputra 57 1/22/2020 1/22/2020
Director of Finance and Risk Management Prasetio.. 62 11/20/2020 11/20/2020
6 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
Garuda Maintenance Facility ArAsa Tbk PT Kecamatan Benda, Kota TANGERANG Indonesia

Business Names
Business Name
Garuda Indonesia (Persero) Tbk PT
Garuda Indonesia (Persero) Tbk PT
Garuda Indonesia Holiday France S.A.S
26 additional Business Names available in full report.

General Information
Number of Employees: 12,474 (As of 12/31/2023)
Outstanding Shares: 91,480,783,837 (As of 12/31/2023)
Stock Exchange: JAK
Fax Number: +62 2122915673
Email Address: customer@garuda-indonesia.com


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Thursday, April 18, 2024