Indonesia court extends Garuda debt restructuring amid ballooning claims


JAKARTA, Jan 21 (Reuters): An Indonesian court on Friday has extended the period for Garuda Indonesia's debt restructuring by 60 days to allow the airline more time to complete the verification of billions of dollars of claims, the carrier said in a statement.

State-controlled Garuda is seeking to slash US$9.8 billion in debts to US$3.7 billion under a court-led process, called PKPU, the airline has said.

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