Garuda Indonesia requests third extension of restructuring period


JAKARTA (The Jakarta Post/Asia News Network): Garuda Indonesia has once again requested more time for its supervised debt restructuring, as the national flag carrier believes it will not be possible to complete the process by the May 20 deadline.

Garuda filed the request with the Central Jakarta District Court, the court that granted the airline a suspension of debt payment obligations (PKPU) on Dec 9 of last year.

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Indonesia , Garuda , restructuring , extension

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