Unlike what happened at Chandra Asri, Timor Putra Nasional and PT Industri Pesawat Terbang Nusantara’s (IPTN) debt restructuring efforts are proceeding smoothly. Upon receipt of a memo of understanding on the subject, the Committee on the Financial Sector Policy immediately gave an approving nod, indicating that the two companies have good prospects and can, therefore, continue business as usual.

The debt-restructuring concept for the two