Indonesia's Garuda given debt restructuring extension


JAKARTA, May 20 (Reuters): A Jakarta court has for the third time extended flag carrier Garuda Indonesia's debt restructuring deadline by another month, a court-appointed curator for the case said on Friday.

Garuda started the court-led restructuring process on Dec. 9, after a vendor petitioned the court over unpaid bills. It has repeatedly requested more time to negotiate restructuring terms and verify US$13.8 billion of claims against it.

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Garuda , Extension , Restructuring

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