Indonesian Airline Restructuring
- Eliot & Luther
- Sep 25, 2020
- 1 min read
3 September 2020 saw the first PKPU filing against a major Indonesian airline. The case appears to have history, so we are not jumping to conclusions, but we thought it might be an opportunity to comment on the untested interaction between the Cape Town Convention and Indonesia's PKPU regime - and some practical considerations for aircraft lessors (and other creditors with interests in aircraft objects) in Indonesian restructurings.