Still Mandala Assessment with New Investor Candidate?

Rev. Daniel - detikFinanceJakarta - PT Mandala Airlines is still scoping with the prospective new investors in order to seek additional capital to be able to run back a discontinued operation since January 13, 2011.
Mandala Attorney James Purba said the venture with potential new investors are still ongoing.
"Related to the matter of development venture with investors, is still ongoing," said James to detikFinance, Saturday (04/23/2011).
James explained there are currently one of the creditors who disagree related court decisions that approved the scheme Mandala peace. Creditors are SOEs in the finance sector PANN PT (Persero).
"One of the creditors, PT PANN (Persero) filed a Judicial Review to the Supreme Court in March and the office of James Purba & Partners as Mandala's attorney has filed a Counter Memorandum PK also to the Supreme Court on April 8, 2011. It's still at the level of PK in the Supreme Court," said James.
As is known, Mandala is looking for analysts, the investment to pay off debts to its creditors,
Total debt Mandala Airlines reached Rp 2.45 trillion to hundreds of unsecured creditors, and debts to creditors separatist namely Bank Victoria Rp 54.14 billion.
Previously, to avoid liquidation, the general Mandala proposed peace plan that includes all three of the following:
The entry of new investors to inject capital for the company.Filing conversion largely unsecured creditors debt into shares.The entry of new managers in order to restart operations.Ministry of Transportation (Kemenhub) recognizes Mandala has conducted layoffs (layoffs) for its employees. Employees who are laid off are generally derived from the administration, which did not interfere with the operation plan back Mandala.
Prospective passengers Mandala Airlines ticket holders are asked to remain patient waiting for his money back. Because of the restructuring process, there is no privileged creditors including passengers though.
(Dnl / dnl)
source: detik.com
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