A PT Garuda Indonesia aircraft, left, taxis past a SkyTeam alliance aircraft at Soekarno-Hatta International Airport in Cengkareng, Indonesia, on Monday, May 24, 2021. Garuda Indonesia needs to completely restructure its business, potentially reducing the number of planes it operates to less than half its main fleet as the airline seeks to survive the crisis wrought by the pandemic, its president told staff last week. - Bloomberg
JAKARTA, June 18 (Bloomberg): Troubled flag carrier PT Garuda Indonesia put off the payment on its Islamic debt once again, highlighting its financing crunch as the firm tries to avoid bankruptcy.
The South-East Asian airline, struggling as the pandemic depresses air travel worldwide, said it "will continue to defer the periodic distribution amount due June 3, ” in a filing to the Singapore stock exchange on Thursday.
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