Angkasa Pura I Debt Reaches IDR 35 T Due to New Airport Quiet

Jakarta, CNN Indonesia —

Ministry of SOEs unveil airport operator company PT Angkasa Pura I (Persero) or API entangled debt of IDR 35 trillion. The pile of debt stems from the low traffic at the airport managed during the covid-19 pandemic.

Deputy Minister of SOEs II Kartika Wirjoatmodjo said that monthly API losses amounted to IDR 200 billion. If the situation does not improve, the debt is estimated to reach IDR 38 trillion.

“Indeed, the current pressure on API is very heavy, their financial condition now reaches Rp. 35 trillion and if we rate, loss their monthly payment is IDR 200 billion and after the pandemic the debt can reach IDR 38 trillion,” explained Tiko, familiarly as he is called, in a Working Meeting with Commission VI DPR RI, last Thursday (2/12).

He explained that the company’s cash flow was also weighed down by the large number of new airports following the inauguration of the COVID-19 pandemic. Tiko gave an example of the Yogyakarta airport in Kulon Progo, which was built at a cost of Rp. 12 trillion but was empty of passengers.

Therefore, currently, the Ministry of SOEs is looking for a solution through debt restructuring and efficiency. He targets the restructuring to be completed in January next year.

“This is a problem cashflow It’s very difficult, we are currently restructuring, hopefully we can finish it in January,” said Tiko.

Tiko made this statement in response to a request to postpone the rationalization of a number of security officers (security) at the API managed airport, I Gusti Ngurah Rai Airport, Bali.

The request was submitted by Member of Commission VI DPR I Nyoman Parta. He got a complaint from the group security airports that are in danger of losing their jobs.

[Gambas:Video CNN]

(wel / sfr)

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